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March 3, 2022

Maine Connectivity Authority grows its leadership with first CFO

The Maine Connectivity Authority, the quasi-governmental agency created last year to make high-speed internet service available throughout the state, has named David Wedick as its chief financial officer. 

Courtesy / Maine Connectivity Authority
David Wedick will join the Maine Connectivity Authority as CFO.

Since 2015, Wedick has served as CFO at Coastal Enterprises Inc., a Brunswick-based community development financial institution. He has nearly two decades of experience in diversified capital markets and economic development and will now oversee the strategic and day-to-day aspects of the MCA’s financial management.

Wedick will begin work at the newly created role on March 21, according to a press release.

“I look forward to making a positive impact in urban, suburban and rural communities across Maine, a state in desperate need of universal broadband access,” said Wedick.

“I have called Maine home for years, so I know that many Mainers are desperate for high-speed connectivity. Using my financial expertise, it will be an absolute honor and a privilege to serve our state and guide our people to a brighter, more connected future.”

Under his leadership at CEI, it achieved significant financial success, asset growth and balance sheet strength in recent years, the news release said.

Created through bipartisan legislation that was signed by Gov. Janet Mills in 2021, the Maine Connectivity Authority has been budgeted roughly $150 million in federal and state funds to make universal high-speed internet service a reality in Maine. Last last year, Andrew Butcher became the authority's first president.

“We couldn’t be happier to have David on board at the MCA,” said Butcher. “He brings decades of unique financial management experience to the table, and he will play a pivotal role in expanding universal broadband access in Maine."

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