The Daily Gazette
The Locally Owned Voice Of The Capital Region

New leadership for region's economic development council

SEFCU President and CEO Michael Castellana is out as co-chair of the Capital Region Economic Development Council.

In an email sent out on Wednesday to council members, Castellana announced he believes the timing is right for a change in leadership at the council. It was announced today that James J. Barba, president of Albany Medical Center and a council member, will succeed him, with Rensselaer Polytechnic Institute President Shirley Ann Jackson continuing as the other co-chair.

Barba said in a statement that it is an honor to take on this new role. Castellana said in a statement that he was proud of his work on the council and described Barba as uniquely qualified to take over as co-chair.

In Castellana's resignation letter, which can be read below, he expressed his belief that the council will improve the lives of residents in the region.

"I speak for everyone on my team when I say we enjoyed hosting various events for the council here at SEFCU," he wrote. "While we worked hard to advance the region, I hope you also enjoyed the food and beverage to help sustain your energy. I know I have many house ahead of me on the treadmill to burn off some of the extra calories I took in during the marathon meetings!"

"In all sincerity, thank you for all of your hard work, dedication, and perseverance to make the Capital Region a destination of choice for business. I wish you all the best in future endeavors and hope that our paths cross again," Castellana wrote.

Ray Gillen, of the SchenectadyCounty Metroplex Development Authority, credited Castellana with making sure the council's vision was developed in an open and inclusive process. “He helped the Capital District develop a thoughtful, useful regional strategy for economic growth and sustainability," Gillen added.

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Castellana Resignation Letter

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