Mayor Adrian M. Fenty is set to name Valerie Santos as his new deputy mayor for planning and economic development.

She replaces Neil O. Albert as DMPED. He was tapped to replace Dan Tangherlini as city administrator after he moved to the U.S. treasury department.

Santos served as Albert’s chief operating officer and top deputy. Previously she had spent time at Jones Lang LaSalle and Ernst & Young.

UPDATE, 10:30 A.M.: Santos becomes the first newcomer to Fenty’s top echelon of advisers since the beginning of his administration. Her appointment also continues Fenty’s practice of promoting from within the ranks.

Fenty pointed out in his remarks this morning at Walker-Jones ES that Santos, 36, is the first person to rise to deputy mayor rank from within the District government: “I think it’s a great sign for the D.C. government…that she has been hard at work serving the residents of the District of Columbia.”

Santos, in her remarks, committed to “continuing to implement Mayor Fenty’s vision for economic development and streamlining government.”

Kwame Brown, chair of the D.C. Council’s economic development committee, has issued a statement: “While I’m disappointed that I wasn’t invited to the announcement, I fully support Ms. Santos Young who will face some of the toughest economic challenges our city has ever confronted…I believe this is an opportunity to forge a new relationship between the Council and the Executive to create jobs for District residents, new opportunities for local businesses, more affordable housing and to efficiently move projects to completion.  Ms. Santos Young has the experience and the operational knowledge to be an effective Deputy Mayor.  My team is committed to working with her and her staff to create a better city for District residents and businesses.”