CDM welcomes Steve Palma, new CFO!

Here’s a thrilling new development: Steve Palma has joined the Central Dallas Ministries team as our Chief Financial Officer!

In view of our continuing growth and the increasing complexity of our financial challenges and opportunities, we set about late last summer searching for someone to fill this very important position. We received many resumes and we pursued a rigorous interview and investigation process. At the end, Steve was our unanimous choice to fill this important slot.

Steve brings a wealth of experience to CDM from the corporate world where he spent his career in finance, accounting, retail operations and real estate development for J. C. Penney, JCP Realty, Inc., Melville Corporation and, most recently, CVS/Pharmacy.

While at CVS, beginning in January 2001, he directed the lease administration process for over 6,200 properties and 1,500 closed and sub-leased locations, the construction budget for over 275 new and relocated stores and new store development strategy for the company. He retired from CVS in April 2007.

In addition to this amazing corporate experience, Steve co-founded M5 Technologies, a computer software company, and he owned and operated the New York Sailing School!

As CFO, Steve will be directing the accounting and development offices here at CDM. With one foot in "sources" and the other in "uses," I know that our entire financial operation will only grow stronger as we move into our future.

Hiring Steve is the latest indication of just how seriously our Board, our executive leadership and our entire staff take the stewardship of every dollar given in support of our work in the city.

Over the next several weeks, Steve will spend his time getting to know and understand every department and corner of the world of CDM.

We are most fortunate to have him on board!

Welcome, Steve!

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