Chicago is hiring Ashlee Gabrysch, a senior director at Fitch Ratings, as its next chief financial officer, according to a person familiar with the matter. The move comes amid a wave of high-profile departures from the city’s financial leadership.

Gabrysch will oversee the city’s $12.8 billion budget and manage debt issuance, a critical role as Chicago faces persistent fiscal challenges. Her experience at Fitch, where she evaluated municipal credit ratings, is seen as a strength.

The appointment follows the exits of several senior finance officials, including the previous CFO who left earlier this year. Mayor Brandon Johnson’s administration has been working to stabilize the city’s financial reputation.

Gabrysch is expected to start in the coming weeks, pending final approvals. She will need to address pension obligations and credit rating pressures that have long plagued the city.