Treasury reshuffles after Gregg retirement

A longtime Treasury official who came out of retirement to help after the financial crisis is leaving the department after more than 40 years. 

The Treasury Department announced Tuesday that Dick Gregg, fiscal assistant secretary, will depart after 41 years in several different senior management positions.


"Dick has been a tremendous leader for the government’s fiscal operations, helping to bring about changes that have revolutionized government transactions despite incredibly tough economic and budgetary circumstances,” Treasury Secretary Jack LewJacob (Jack) Joseph LewOvernight Finance: US reaches deal with ZTE | Lawmakers look to block it | Trump blasts Macron, Trudeau ahead of G-7 | Mexico files WTO complaint Obama-era Treasury secretary: Tax law will make bipartisan deficit-reduction talks harder GOP Senate report says Obama officials gave Iran access to US financial system MORE said in a statement.  

“His relentless pursuit of a more modern, more efficient, less costly government has been the hallmark of his 41 years at Treasury," he said. 

Gregg came out of retirement in 2009, shortly after the financial crisis, to assume the position of fiscal assistant secretary where he “provided steady leadership during an important time," Lew said. 

Following his departure, David Lebryk, who is the commissioner of the Bureau of the Fiscal Service will take over for Gregg while Sheryl Morrow, who is the deputy assistant secretary for fiscal operations and policy at Treasury, will succeed Lebryk.

The appointments are effective June 30.

“I am also glad to welcome Dave and Sheryl to their new positions at the helm of Treasury’s fiscal operations," Lew said.

"With nearly six decades of Treasury experience between them, we look forward to benefitting from their considerable knowledge and management experience as we continually seek to improve the services we provide to our citizens.”

Gregg served under 16 Treasury secretaries and has held several jobs, including commissioner of the Bureau of the Public Debt for 10 years, commissioner of the Financial Management Service for nine years and most recently as fiscal assistant secretary for the past five years.