Los Angeles Mayor Eric Garcetti announced Friday he is naming senior director for economic development William Chun as his next deputy mayor for economic development, replacing Raymond Chan, who is retiring after 33 years with the city.

“Our economy has made incredible progress over the last four years, and William has the experience and dedication to help us keep that momentum going,” Garcetti said in a statement. “William knows how business is done in this city (and) he is a strong leader.”

Chun takes over the post on July 1, the start of Garcetti’s second term.

Garcetti also promoted Miguel Salumbides Sangalang to the post of deputy mayor for budget and innovation; he is currently executive officer for the mayor’s office of budget and innovation. He replaces Matt Szabo, who held a similar post before agreeing to serve as deputy chief of staff.

Public policy and energy reporter Howard Fine can be reached at [email protected]. Follow him on Twitter @howardafine.