Veteran finance leader brings decades of experience and track record of AAA bond ratings, clean audits; first day set for August 6th

July 23, 2025

Richmond, VA - The City of Richmond is proud to announce the appointment of Letitia Shelton as the new Director of Finance. Shelton brings more than 30 years of experience in public sector finance, most recently serving as Director of Finance for the City of Virginia Beach, which holds a Triple-A bond rating from all three major credit rating agencies. In her role with Virginia Beach, Ms. Shelton oversaw core functions such as accounting, purchasing, risk management, debt management, payroll, and financial system services. An experienced leader, Ms. Shelton is known for her commitment to transparency, accountability, and fiscal management.

"Ms. Shelton is a powerhouse in municipal finance and operations, and we are incredibly blessed to have her return to Richmond for this critical leadership role," said Chief Administrative Officer Odie Donald II. "She brings a much-needed combination of technical expertise, executive leadership, and deep roots in Richmond. Most importantly, she shares my people-first, people-always mindset and brings thoughtful, collaborative leadership that will truly benefit the entire organization."

Born and raised in the City of Richmond, Shelton began her career with the City where she served for 19 years in several key roles including Interim Director of Public Works and Deputy Director of Finance and Administration. During her tenure she oversaw financial operations, implemented automation initiatives, managed the annual operating and Capital Improvement Planning (CIP) budgets, and collaborated with external consultants.

"Richmond is home, and where I started my career. It's where I learned the power of public service," said Shelton. I'm thrilled to return and contribute to a city I care so deeply about that gave me so much. Together with a strong team, I look forward to building systems that support efficiency, accountability, and long-term sustainability. Residents deserve nothing less."

Shelton has also held senior positions in Charlottesville, Virginia, and DeSoto, Texas, including Deputy City Manager and Chief Operating Officer. In these roles she delivered audit opinions, maintained Triple-A bond ratings, and enhanced financial operations.

"Ms. Shelton brings exactly the right experience and leadership to this role," said Mayor Danny Avula. "She knows Richmond, understands the work, and has the commitment we need to build a thriving City Hall. I'm thrilled to welcome her to the team."

During Ms. Shelton's tenure, the City of Virginia Beach maintained its Triple-A rating from all three major credit rating agencies, a reflection of the city's strong financial performance. In 2024, WalletHub ranked the City of Virginia Beach as the ninth among the Best-Run Cities in America and 2nd in Quality of City Services.

Ms. Shelton's first day with the City of Richmond will be Wednesday, August 6th.

Ms. Letitia Shelton, the City of Richmond's new Director of Finance