Pittsburgh Catholic Diocese names new CFO
By Megan Harris
Published: Thursday, July 25, 2013, 1:45 p.m.
A former bank executive will become the Catholic Diocese of Pittsburgh's top financial officer as the church continues an ambitious five-year, $125 million fundraising campaign.
Bruno Bonacchi, 54, former head of strategy and development at Mellon Financial Corp., now BNY Mellon, will succeed Frederick P. O'Brien when he retires at the end of this year, Bishop David A. Zubik said Thursday.
O'Brien has been the diocese's chief financial officer since March 2002. Bonacchi's appointment will take effect Jan. 1.
Bonacchi is a member of St. Thomas A' Becket Church in Jefferson Hills, where he chairs the parish finance council.
His appointment is renewable for a term of five years under Code of Canon Law.
The Rev. Ron Lengwin, spokesman for the diocese, said Bonacchi's position will oversee charitable giving, investments and grants that serve 700,000 people among 200 parishes in Allegheny, Beaver, Butler, Greene, Washington and Lawrence counties.
“Certainly, we value his financial expertise, but also his faith as a Christian and a Catholic,” Lengwin said. “He understands the culture of the church. We're not just a business; we're a ministry.”
A Pleasant Hills resident, Bonacchi spent the past two years teaching at Franciscan University of Steubenville and helping St. Thomas A' Becket build a church.
The switch from private-sector financing to ministerial management will be a welcome change, he said.
“The biggest difference is the end mission. Mellon, like any business, was profit-motivated,” Bonacchi said. “With the ministry, we aren't selling a product; we're sharing our beliefs and enriching the lives of our parishioners.
“This position brings the talents and experiences I've been blessed with back to where my heart is.”
Lengwin said maintaining a balanced budget remains a priority. Under O'Brien, the organization shaved $2 million from the budget, he said.
“Our parishioners are very generous, but we're subject to the same troubles everyone else has, like rising costs and inflation,” Lengwin said. “People don't have as much disposable income for charitable purposes as they did in the past.”
Bonacchi's many responsibilities will include monitoring the diocese's fundraising campaign and the construction of Cardinal Wuerl North Catholic High School in Cranberry, set for completion in January at a total cost of $71 million.
Megan Harris is a Trib Total Media staff writer. Reach her at 412-388-5815 or firstname.lastname@example.org.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Penguins’ Orpik taken off ice on stretcher in loss to Bruins
- Ex-Pirates great Parker’s long wait for Hall of Fame could finally end
- Steelers still have something worth playing for
- Breaking down the Pirates’ needs entering winter meetings
- Rossi: Penguins’ Orpik among select NHLers going without gluten
- Investors put squeeze on prospective homeowners’ American dreams
- Gorman: Will Aliquippa’s Pitt pipeline end with Henry?
- Kovacevic: On Melancon, Mandela, molding
- Rampant misuse of antibiotics poses growing global threat, experts warn
- Robinson: Video review reveals Steelers coach’s sideline movements in Baltimore were out of character
- Controversial Rooney Rule has opened door for NFL minority coaching candidates