As chief financial officer, Mark Newsome oversees the N.C. Department of Transportation’s financial operations including accounting, budget, treasury, debt financing, forecasting and spend management.
He leads the Department’s Financial Management Division working strategically to mitigate financial risk, accelerate project delivery, evaluate alternative financing and reengineer key business processes.
Newsome has worked in the public sector since the early 1990s. Most recently, he served as the chief financial officer of the N.C. Department of Information Technology. He has also worked as a controller and chief financial officer in North Carolina higher education and local government. Newsome has supported state and local governments across the southeast as a risk advisory consultant in public accounting.
He came to NCDOT in June 2022 as the deputy chief financial officer of the N.C. Turnpike Authority. He was asked to join the executive team in August 2023.
Newsome earned a bachelor’s degree in political science from Elon University and a master’s degree in accounting from Liberty University. He is a North Carolina native born in Alamance County and raised in Orange County. He and his wife, Jennifer, live in Burlington and are parents to three children.