Arizona Theatre Company is bringing back its former managing director in hopes of righting its financial house.

ATC's board of trustees, faced with a crippling deficit and low staff morale, has named Jessica Andrews its interim managing director. Andrews, who has a 16-year history with the company,  rejoins ATC on Aug. 19, three days after its current managing director, Mark Cole, leaves. Cole, who had a rocky two-year tenure at ATC, announced his resignation late last month.

“She is a calming voice, and she’s known locally and nationally,” said the head of ATC’s board, Robert Glaser, about Andrews, who will stay on until her successor is found.

“And, frankly, she’ll bring some stability and will be very effective in fund raising.”

“When they asked, it didn’t take much time to agree,” said Andrews, who was ATC’s  managing director and then executive director before retiring in 2009. She came back as interim managing director in 2010-11, when the then-director left to take a job in New York City.

In addition, artistic director David Ira Goldstein has agreed to stay with the company through the end of the 2013-14 season.

See the full story in Friday's Star.