COVINGTON, Ky. - The city of Covington appointed Kenton County's former treasurer as the new interim finance director.
The decision follows the recent termination of Robert Due, Covington's previous finance director, who is accused of taking more than $600,000 from the city.
The city officially named Ivan Frye the interim finance director Tuesday night.
Frye retired from his position as treasurer six years ago after 27 years of service. He has been working as a special projects manager for Judge Drees and Judge Arlinghaus. Over the years he has managed the financing of the new county jail, Rosedale Manor, Kenton County Golf Course expansions and more.
Frye, also a retired U.S. Army officer and Vietnam veteran, was in charge of the ROTC program at Northern Kentucky University before his retirement.
Covington's Accounts Manager Jerome Heist initially served as the interim finance director. Heist will now return to his position as accounts manager.
Due, who was Covington’s finance director since 1999, pleaded not guilty last week to theft charges last week.
If convicted, he could face 20 years behind bars.