Mayor names deputy mayor as DWP interim head

DOWNTOWN LOS ANGELES Austin Beutner is co-founder of a global financial services company and a former Wall Street trader and venture capitalist.

Beutner is vowing to perform a thorough review of the DWP's finances and operations and make it more accountable to business and ratepayers. He will also lead the search for a permanent general manager of the DWP.

The Board of Water and Power Commissioners will review Beutner's nomination Tuesday.

The DWP has been without a permanent manager since H. David Nahai left to join the Clinton Climate Initiative.

Beutner has worked as first deputy mayor in a position created for him by the mayor for a salary of just $1. He said that he's willing to work practically for no compensation to fulfill the city's need.

He will continue to hold that post while serving as interim DWP general manager.

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