Fiona Ma, CPA
Background: Ms. Fiona Ma was elected California State Treasurer in November 2018. She previously served as Chair and Vice Chair of the California State Board of Equalization from 2015 to 2019, representing more than nine million taxpayers. There, she led historic reforms to increase efficiency and transparency at the agency. As a state legislator, she was the first and only Asian-American woman ever elected California Assembly Speaker pro Tempore, the second-highest ranking office in the Assembly. During her time as a legislator, she passed landmark legislation to ban toxic chemicals in children’s toys, protect small business-owners and expand opportunities for homeowners. She previously served as a San Francisco Supervisor.
Malia M. Cohen
State Controller Malia M. Cohen was elected in November 2022, following her service on the California State Board of Equalization (BOE), the nation’s only elected tax commission responsible for administering California’s $100 billion property tax system. She was elected to the BOE in November 2018 and was Chair in 2019 and 2022. As Controller, she continues to serve the Board as its fifth voting member.
As chief fiscal officer of the world’s fifth-largest economy, Controller Cohen’s primary responsibility is to account for and protect the state‘s financial resources. Controller Cohen also independently audits government agencies that spend state funds, safeguards many types of property until claimed by the rightful owners, and administers the payroll system for state government employees and California State University employees. She serves on 70 boards and commissions with authority ranging from affordable housing to crime victim compensation to land management.
Director of Finance
Joe Stephenshaw was appointed as Director of the California Department of Finance by Governor Newsom in July of 2022. In this role, he serves as the Governor’s Chief Fiscal Policy Advisor. Prior to his appointment, Stephenshaw served in Governor Newsom’s Office as a Senior Counselor on Infrastructure and Fiscal Affairs.
Stephenshaw was Staff Director for the Senate Budget and Fiscal Review Committee from 2017 to 2022. He held multiple positions in the California Legislature from 2008 to 2017, including serving as a Policy Consultant in the Office of the Senate President pro Tempore, a Special Advisor to the Speaker of the Assembly, and as a Budget Consultant for both the Assembly Budget Committee and the Senate Budget and Fiscal Review Committee. Stephenshaw was a Budget Analyst for the California Department of Finance from 2005 to 2008. Stephenshaw is a graduate of Menlo College with a bachelor’s degree in Business Administration. He also earned a Master of Business Administration degree from California State University, Sacramento.
Term Expires: April 30, 2023
Residence: Pasadena, California
Background: Martin is Vice President for Administration & Finance and Chief Financial Officer at Mount Saint Mary's University where she has served since 2018. She was Vice President and Associate Dean for Finance & Administration at Loyola Marymount University, Loyola Law School from 2005 to 2018. She was Director of Institute Finance at California Institute of Technology from 2000 to 2005. She was Director of Finance at New York University School of Law from 1997 to 2000. She was Consultant in private practice from 1996 to 1997. She was Director and Recruiter at Source Services Corporation from 1994 to 1996. Martin is a member of the Association of Independent California Colleges and Universities and the National Association of College and University Business Officers.
Term Expires: April 30, 2024
Residence: Sacramento, California
Background: Ratliff has been Vice Chancellor of Finance, Operations and Administration at University of California, Davis, since 2018 and has worked at UC Davis since 1987 in various roles, including Interim Vice Chancellor of Finance from 2016 to 2018 and Senior Associate Vice Chancellor of Finance and Resource Management from 2014 to 2016. Ratliff is Member of the Western Association of College and University Business Officers. Ratliff has a Master’s in Business Administration from University of California, Davis.