Andrew Maylor will succeed Thomas Shack III as Massachusetts comptroller effective Feb. 18, Gov. Charlie Baker said Wednesday.
The comptroller’s office — a gubernatorial appointment and a more low-key position in Massachusetts than in some other states — is an independent agency that oversees more than $60 billion in state spending and assets.
Shack, who is resigning after nearly four years in office, will remain for a transitional period. Baker did not elaborate on Shack’s resignation.
As town manager of North Andover, Maylor was responsible for a $100 million budget. He is credited with instituting financial reserve and debt service policies that led to the town’s first triple-A bond rating.
Previously he was Chelsea city auditor, chief finance officer and deputy city manager, and before that, began his public-sector career in Winthrop. His eight years in private service included a stretch with Putnam Investments.
“Andrew’s extensive experience in the public sector overseeing multi-million dollar budgets, managing operations and establishing capital improvement and financial plans make him extremely well qualified to serve as comptroller,” Baker said in a statement.
Lt. Gov. Karyn Polito credited Maylor’s work with state officials during the Merrimack Valley natural gas explosion crisis.
Sept. 13 explosions in Lawrence, North Andover and Andover killed one person, injured 25 and destroyed about 60 homes. Baker declared a state of emergency and replaced supplier Bay State Gas Co., which operates as Columbia Gas, with Eversource, New England’s largest energy supplier, to coordinate recovery.
Shack, a former prosecutor, has overseen the office since May 2015. It launched a Cthru website, an open-records platform that includes state payroll, spending data, information on quasi-public agencies, and disclosures of new hires inside state government.