Rendell taps ex-Montco CEO as Stim Czar

Gov. Rendell today appointed a retired company executive from Montgomery County as the chief accountability officer of a new commission tasked with tracking $10 billion in federal stimulus funds.

In the post, Ronald J. Naples, who retired last fall as the CEO of Quaker Chemical Corp. in Conshohocken, will ensure the money is spent "wisely, effectively and as quickly as possible," Rendell said.

The governor called Naples, a Republican, "a good hard-nosed businessman who understands what work is all about."

Naples will be paid $120,000 annually out of the stimulus funding in the part-time post.

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