Adrian Finance Director Resigns After 3 Weeks

by Josh Colletta

The City of Adrian has been caught off guard after their newly-hired finance director abruptly resigned just three weeks after starting the job.

The Daily Telegram reports that Peter Rancatore is originally from Ohio, and his experience working in the Toledo and Lucas County governments helped make him the leading candidate for the Adrian position after a months-long search.

But that may also be why he quit, as his resignation letter says, “I’m compelled to leave and rejoin family in Northeast Ohio.”

Adrian City Administrator Nathan Burd says he believes Rancatore accepted a position back in the Buckeye State.

Burd adds that the resignation “came completely out of left field,” and that the city was “not prepared at all,” especially since budget season is right around the corner.

Assistant Finance Director Nathan Owen has been appointed as acting Finance Director, and Burd gave him a vote of confidence, calling him “fully capable and qualified.” Owen will remain in that role for the entirety of the budget process, after which the city will either search for a new finance director or decide to appoint from within.

Despite the abruptness of the change, Burd says Rancatore remains in good standing with the city, saying there’s “no drama here.”