Norman Steisel is a talented senior executive with extensive private and public sector experience. Mr. Steisel’s skills and management style have been honed in the rough and tumble arena of city government. Best known as savvy, results-oriented manager and leader; Norman Steisel served as First Deputy Mayor of New York City directing a $2 billion down-sizing of government during the recession of the early 1990’s while at the same time implementing innovative environmental, healthcare and crime reduction programs. Norman Steisel also served as Commissioner of Sanitation in New York City from 1979 to 1986 - - the longest serving official in the 20th century. Mr. Steisel’s reign as Sanitation Commissioner was marked by bold innovative decisions that succeeded in energizing the Sanitation Department while saving New York City millions of dollars. In recent years, Mr. Steisel has managed the financial turn-arounds of a regional US stock exchange, a primary healthcare provider and an environmental technology firm; he has also been a successful investment banker.
Norman Steisel Investment Banker
Mr. Steisel left city government in 1986 to join the investment banking firm Lazard Freres & Company where he was responsible for the firm’s environmental corporate and municipal project financing activities, financing transactions of more than $2.0 billion. He served as an advisor to several municipalities and counties and to a number of the world’s leading waste disposal, water treatment, hazardous waste remediation and air pollution control firms providing assistance with merger and acquisition activities, recapitalizations, and debt issuance.
Norman Steisel Deputy Mayor of NYC
Norman Steisel returned to city government from 1990-1994 when he was named First Deputy Mayor of the City of New York. In this capacity he was the CEO of the city government responsible for day-to-day management of all governmental operations, and the oversight of a $30 billion annual operating budget and a four-year $20 billion capital program. He was responsible for streamlining operations and systems that resulted in annual budget reductions of $2.0 billion. In addition, Mr. Steisel reversed the decade-long trend of local taxes consuming an increasing share of Gross City Product (“GCP”). Mr. Steisel directed the out-sourcing of numerous governmental functions: fleet procurement, vehicle and facility maintenance and treasury functions. He oversaw the city’s emergency coordinated response activities, supervising in that role the response to the 1993 terrorist attack on the World Trade Center.
Norman Steisel Consultant
From 1994 to 2003, Mr. Steisel was President and founder of EnEssCo Strategies, Inc., a firm providing management and consulting services to senior level executives of firms and industries in government-regulated sectors undertaking strategic, operational and financial transitional activities. EnEssCo has been engaged to develop and implement strategic marketing and financial plans for: the American subsidiary of the world’s leading water/waste water treatment firm, a leading start-up bio-tech firm attempting to exploit pharmaceutical and environmental application of its proprietary technology, a leading outsourcing services provider to implement a pharmaceutical and medical material supply chain management subsidiary, and a leading vendor of advanced wireless voice and data telecommunications technologies with licensing and deployment of their services in municipal facilities. EnEssCo Strategies is currently pursuing a wide variety of “green” projects for governments and industry.
Norman Steisel at PHLX
Mr. Steisel is the Executive Vice President, Chief Operating Officer of the Philadelphia Stock Exchange. Mr. Steisel was a key member of the exchange’s strategic management team participating in analyzing opportunities and direct negotiations with several entities interested in purchasing the exchange which was ultimately sold to NASDAQ OMX for $652 million, a thirty-fold increase in 2005 enterprise value. He is currently coordinating PHLX involvement in transition planning and integration activities with NASDAQ OMX.
Resume of Norman Steisel