Executive Staff

Charlene M. Indelicato
President and Chief Executive Officer

Charlene M. Indelicato
is the President and CEO of the Roosevelt Island Operating Corporation. Her responsibilities include supervision and oversight of the Island's day-to-day functions as well as management of the Corporation's various administrative and operational departments.

Ms. Indelicato served as City Manager of the City of New Rochelle, where she appointed and supervised the City Departmental Directors and prepared the City's annual budget submission to Council. Her executive oversight included the operations of city service departments, such as public works and parks. Ms. Indelicato also facilitated commercial projects for the City by using federal, state and private funds to turn a municipal contaminated waste site into the home of two major retailers.

As the Westchester County Attorney for nine years, she managed a department of approximately ninety attorneys, who represent all of the County's departments and commissions as well as the Board of Legislators and the District Attorney's office in all civil matters. She was also charged with the administration of the County's Risk Management Department.

Ms. Indelicato was the Commissioner of Planning and Community Development of the City of Mount Vernon, New York, where she oversaw the Planning, Zoning and Architectural Review Boards and acted as Executive Director of the Mount Vernon Urban Renewal Agency and Industrial Development Agency. Her efforts led to the completion of a Comprehensive Land Use Plan, a long-range development plan, and the procurement and administration of grants for citywide initiatives.

In her private practice, Ms. Indelicato represented clients such as Beeline Buses and the Town of Mamaroneck. Her areas of practice are contracts, real estate, land use and municipal law. In addition to her work as an attorney, she has also taught municipal law at Pace University.

Frances Walton
Vice President
Chief Financial Officer

Frances Walton is the Chief Financial Officer and Vice President for Financial Affairs of the Roosevelt Island Operating Corporation. Ms. Walton's experience includes a rich background in public administration, banking and financial management. For more than sixteen years, Ms. Walton served in various capacities at the Empire State Development, including Chief Financial and Administrative Officer. During this time, she directed the agency's financial functions, including Banking, Investments, Cash Management, Debt Insurance, Budgeting, Accounting, Portfolio Management, Loans and Grants, and Project Finance programs. She was also responsible for the management and direction of their I.T., Human Resources and Administration departments.

Immediately prior to joining ESD, Ms. Walton served as the Senior Vice President and Director of the State of New York Mortgage Agency's Mortgage Insurance Fund, an agency which promotes the rehabilitation of New York State communities by providing mortgage insurance to public and private lenders, as well as assisting first-time homebuyers. Before joining the State of New York Mortgage Agency, she was a Public Finance banker for Chemical Securities Inc. and Lebenthal & Co. Inc. In addition, Ms. Walton has a decade of experience in finance and management positions at the Port Authority of New York and New Jersey. Prior to graduate school, she held the position of Research Associate at a Management Consulting firm in Boston.

Ms. Walton is a former Executive Board member and Standing Committee member for the Government Finance Officers Association, a current Executive Board member and the past President of the Council for Development Finance Agencies, a Board member and former Treasurer of the Municipal Forum of New York, an Executive Board member and Corporate Secretary of the Metropolitan College of New York, and a Board member of the Northeast Women in Public Finance.

Ms. Walton has received various professional awards for innovation and excellence, including the 2012 Trailblazer Award from Northeast Women in Finance, 2007 Public Service Award from the Municipal Forum, and two Unit Citation awards from the Port Authority of New York and New Jersey. Ms. Walton graduated with an MPA from the Maxwell School of Citizenship and Public Affairs at Syracuse University. She has since worked for over three decades in the financial sector with public and private New York agencies and firms.

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