Finance board reassigns committee members

After talking to his employer, J.P. Morgan, Board of Finance member Walter Kress’ position on the Wilton Employees Retirement Trust was deemed a “potential conflict of interest” and “a risk not worth taking," said Chair Jeff Rutishauser during the board’s Jan. 26 meeting.

A s a result, the finance board voted to recommend a reassignment of its elected committee members.

John Kalamarides was recommended to replace Kress as trustee to the Wilton Employees Retirement Trust, and Warren Serenbetz was recommended to replace Kalamarides as trustee to the Other Post-employment Benefits (OPEB) Trust.

The finance board’s recommendations will be made to the Board of Selectmen, which is expected to act on them at its next meeting.