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ALBANY-Gov. David Paterson has nominated Marisa Lago, Global Head of Compliance at Citi Markets & Banking, as president and CEO of New York State’s economic development agency, the Empire State Development Corp. He also nominated Dennis Mullen, president and CEO of the Greater Rochester Enterprise Inc., as upstate president of ESD.

Lago, who will be based in Manhattan and have complete oversight of economic development issues throughout New York State, will work with ESD chairman Robert Wilmers–who is based in Buffalo–to identify a new downstate president of ESD. Both Lago’s and Mullen’s first day at the job will be Sept. 15, 2008.

As the Global Head of Compliance for Citi Markets & Banking, Lago oversaw all compliance matters for Citi’s capital markets, investment and corporate banking, and transaction services businesses, which operate in more than 90 countries around the world. Prior to joining Citi Markets & Banking, Lago worked at the US Securities and Exchange Commission as director of the Office of International Affairs. Lago professional career has also included serving as chief economic development officer of the City of Boston and director of the Boston Redevelopment Authority, as well as General Counsel of the New York City Economic Development Corp.

As the Upstate President of ESD, Mullen will be based in Rochester and oversee all Upstate ESD offices and projects. Mullen is currently serving as president and CEO of Greater Rochester Enterprise. Under Mullen’s leadership, according to a prepared statement, GRE has focused on marketing Rochester’s core assets–alternative energy, biotechnology, food and beverage manufacturing and optics–in an effort to attract new business to the area.

Prior to Mullen’s role in economic development, he worked for more than 28 years in the food industry in a number positions, most recently serving for a decade as the chairman, president and CEO of Birds Eye Foods. According to a prepared statement, he spearheaded an aggressive acquisition strategy which doubled the size of the company. Mullen also served as president and CEO of three other food enterprises including Globe Products Cos., Nalley’s Fine Foods, and Comstock Foods.

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