Gov. Phil Scott on Thursday named Rep. Adam Greshin (I-Warren) as his next state finance commissioner.

The Mad River Valley resident has been a partner at Summit Ventures NE, which owns Sugarbush Resort, since 2002. He has served in the legislature since 2009, carving out a reputation as a fiscal conservative. He replaces Andy Pallito, who announced in late April that he would leave the post on July 1 to become director of health system finances for the Green Mountain Care Board.

Greshin will occupy a crucial post in state government. The finance commissioner is responsible for writing budgets and providing accurate fiscal information — and must have a comprehensive understanding of state finances. The new commissioner served for seven years on the tax-writing House Ways and Means Committee. Greshin is also a chartered financial analyst, and before assuming co-ownership of Sugarbush’s parent company he served as research analyst and lead portfolio manager for 16 years in the global bond group at Scudder Stevens & Clark.

“Adam is a valuable addition to our Administration and with his business and legislative experience, brings a wealth of knowledge and understanding of the needs of Vermonters, as well as the critical need for fiscal responsibility, to the position,” Scott said in a press release announcing the appointment.

“I am eager to assist [Scott] in achieving his goals to make Vermont more affordable and economically prosperous, while protecting the most vulnerable,” Greshin said in the same release. “The budget is a critical policy document and certainly a valuable tool in advancing that effort.”

The governor’s office said Greshin would take up his new post on July 10 but did not specify when he would resign his House seat. Scott will be charged with appointing a successor to join Greshin’s seatmate, Rep. Maxine Grad (D-Moretown), in representing their two-member House district, which includes Duxbury, Moretown, Fayston, Waitsfield and Warren.

Greshin could not immediately be reached for further comment.