Davis selected DeCA’s chief financial officer
FORT GREGG-ADAMS, Va. – Stephan T. Davis, former budget officer for the Defense Commissary Agency, has been named the agency’s chief financial officer. He succeeds Cynthia L. Morgan, who is retiring Dec. 31.
Davis’ selection is effective Dec. 3. DeCA is initiating recruitment actions for its next budget officer. Until a selection is made, Davis will be dual-hatted as CFO and budget officer.
As chief financial officer, Davis is responsible for all financial aspects of the agency’s retail sales and operating budgets. This includes budget oversight of about $4.6 billion in DeCA resale funds, $1.4 billion in operating funds and nearly $300 million in commissary surcharge funds annually.
He is also the agency spokesperson on financial issues and DeCA’s financial liaison with the Department of Defense, the Defense Finance and Accounting Service (DFAS), the Government Accountability Office, the financial staffs of the military departments and retail industry representatives.
“Stephan has 30 years of experience in financial management, all of that time with DeCA in various positions at agency headquarters,” said John Hall, DeCA director and CEO. “We are confident he will help us make the best budget decisions necessary to enable us to deliver an effective and efficient commissary benefit to our valued patrons.”
Davis had served as budget officer since 2019, where he managed the agency’s budget and manpower requirements, analysis, execution, policy and financial programming activity and the defense of those submissions to the Office of the Secretary of Defense (Comptroller) and the Office of Management and Budget. He also directed and coordinated DeCA’s Defense Working Capital Fund, which includes both resale stocks and commissary operations accounts. He also oversaw the surcharge collections trust fund.
“We have a significant responsibility to be good stewards of the appropriations we receive and the revenue we collect,” Davis said. “This agency has a proud legacy of achieving unmodified opinions on its finances. That level of fiscal accountability remains a top priority for everyone in this agency.”
Davis began his civil service career in 1991 as an accounting technician at DeCA headquarters. He was later promoted to lead accounting technician in 1996. In 1999, he became an accountant and in 2002 was selected as a budget analyst. Four years later he became a senior budget analyst, and by 2013 was selected chief, budget branch.
Davis earned a Bachelor of Science degree in business administration and management (1990) from Virginia Commonwealth University, Richmond, Virginia. Davis is a certified defense financial manager with acquisition specialty (CDFM-A) as well as DoD financial management certified (DFMCP), level 3.
In 1990, he graduated from the U.S. Army Quartermaster Officer Basic Course. He served as a commissioned officer in the U.S. Army Reserves for eight years.
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About DeCA: The Defense Commissary Agency operates a worldwide chain of commissaries providing groceries to military personnel, retirees and their families in a safe and secure shopping environment. Commissaries provide a military benefit, saving authorized patrons thousands of dollars annually on their purchases compared to similar products at commercial retailers. The discounted prices include a 5-percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America’s military and their families, and help recruit and retain the best and brightest men and women to serve their country.