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City of Walterboro Finance Director retires

Bill Floyd

Bill Floyd

Walterboro Finance Director Bill Floyd says he’s been through enough change in his life, so – with the recent resignation of City Manager Jeff Lord – it seems like a good time for him to retire…again.

Floyd has been with the city for about four years, first coming on board in 2008 before retiring the first time in 2011. He returned to the city shortly afterward, taking on Walterboro’s lead financial role. But he again tendered his resignation on Monday night via email to Walterboro Mayor Bill Young.

Though Floyd’s reasoning for leaving is outside of the realm of suspicion, his resignation does come at an unusual time for the city. Floyd is the second public official in the city to resign in the last two weeks. City Manager Jeff Lord submitted his resignation on August 23. Both Floyd and Lord are set to leave their posts on Sept. 30. The city police Chief Otis Rhodes also left abruptly in May, creating three open seats in powerful positions. “I have no need to work,” Floyd said, kindly. “I’m now officially retired.”

Floyd insists that his leaving has nothing to do with any backdoor politics in the city, but is simply because he doesn’t want to go through any more “change” in his career. “Jeff’s a great guy. I like him a lot,” said Floyd. “I was sad to see him give his resignation.”

A resident of Columbia, Floyd, 67, also says his leaving comes down to basic math: “I’m tired of driving in traffic every Friday to get home, and the drive back down here on Sunday nights is getting longer,” he said. “I’m ready to retire, officially.”

Walterboro Mayor Bill Young said the city’s finance director works at the liberty of the city manager. With that position in limbo until an interim can be named, Young says the city council is likely to appoint an acting finance director until the new manager can permanently fill Floyd’s shoes. “I would expect that the staff we have on hand can continue to run that department until further action is taken,” said Young. According to Young, the city is currently “working to locate” possible retired city managers in the area to fill Lord’s shoes until a permanent post is made. “We are really at the very beginning of this process,” he said.

Young voted against accepting Lord’s resignation at a recent council meeting, and thanked Lord for his effort in “improving” the city, said Young. Under the city’s form of government, however, a council vote is not required to accept the finance department manager’s resignation. “I hope that these changes the city is going through will be positive, and will only continue to put us closer to the vision we all share for the city,” he said.

Floyd retired from the state after 10 years as the chief financial officer for the State Department of Commerce. He also served as the chief financial officer for the state’s Department of Mental Health. Under his direction, the city was recently awarded the “excellence in financial achievement” award.

Floyd says he has no severance package coming to him in wake of his leaving the city. “My position is such that I did not negotiate a severance package,” he said. Floyd says he has no immediate plans for the future and no plans for new retirement. “I’m done working, for good,” he said, with a laugh.

Heather Walters (1389 Posts)