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Finance Authority of FAME names new members to the board

The Finance Authority of Maine has appointed four individuals to its board of trustees, adding leadership expertise from government, education and banking.

Photo / Courtesy The Finance Authority of Maine
Joseph C. Perry

Joseph Perry, Maine’s state treasurer, joins the board with an extensive career in business and politics. As treasurer, Perry's role includes managing the cash pool, protecting the earned benefits of Maine public workers and educators, and facilitating bond sales and public-private partnerships. A former legislator from Bangor, Perry, chaired the taxation and transportation committees. The Bangor resident also owned and operated Joe’s Market for many years. 

Photo / Courtesy The Finance Authority of Maine
Michael Duguay

Michael Duguay is the commissioner of the Maine Department of Economic and Community Development. He has extensive experience in business, economics, and community development. The Fairfield native began his career in economic development at the Department of Economic and Community Development in 1990. Duguay was previously the vice president for innovation and executive director of the Harold Alfond Institute for Business Innovation at Thomas College. He also served as director of economic development for the city of Augusta from 1999 to 2012. Duguay is a graduate of the University of New Hampshire. 

Photo / Courtesy
Simon Ferland

Simon Ferland is the director of data systems and student Financial services at the University of Maine. He oversees daily and long-term financial aid and student financial operations from a systems and data management perspective. The Old Town native earned his bachelor's and MBA from the University of Maine. He is enrolled in the Ph.D. program in higher education.  He is a nationally certified financial aid administrator and has been active in the National Association of Student Financial Aid Administrators.

Photo / Courtesy The Finance Authority of Maine
Mike Foley

Michael Foley, Jr., is the chief growth officer and senior vice president of support services at Five County Credit Union.  He leads strategic initiatives of multiple departments for the credit union, which has assets under management of $380 million and serves over 30,000 members. Foley is an active member of the Maine Credit Union League, including its governmental affairs committee. 

“These four outstanding leaders bring unique skills through their strong and varied backgrounds, which will reinforce the excellent work already being done by the board to enrich business and educational outcomes through relevant, timely financial support to Maine’s people," said Renee Ouellette, FAME's board chair.

FAME is a quasi-independent state agency that provides innovative financial solutions to help Maine citizens pursue business and educational opportunities. 

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