January 11, 2017
The Alexandria Transit Company Board of Directors announced today the appointment of Josh Baker as the new CEO/General Manager of ATC and the DASH Bus System. Baker will take over the helm of the award winning DASH system on Feb. 6, replacing long time CEO Sandy Modell, who will be retiring after leading the system for the past 28 years. Read More...
Baker is currently the General Manager of the Greater Lynchburg Transit Company in Lynchburg, Virginia. GLTC is a fixed route and paratransit operation providing service to the City of Lynchburg and surrounding communities. GLTC has an average yearly ridership of nearly 3 million passengers and maintains close partnerships with local Colleges and Universities, including Liberty University.
Baker has over 17 years of experience in the public transportation industry, starting as a bus operator in college and working his way up through the Industry. He has served as the General Manager of GLTC for the past two years. Prior to GLTC, Baker headed a new transit system in Radford, Virginia. Baker is a recipient White House Champions of Change award and was named to the "Top 40 under 40" by Mass Transit Magazine. He is a graduate of the Virginia Polytechnic Institute and State University with a Bachelor of Science in Business Management.
"The ATC Board is extremely pleased to have found an innovative and skilled transit leader from another Virginia transit system that is structured similarly to DASH, stated Paul Abramson, ATC Board Chairman. Josh has accomplished a number of successes in Lynchburg and elsewhere in the Commonwealth. We are looking forward to having Josh join the DASH team and build on the success of the system, and take DASH to its next level of excellence."
The DASH system and its riders are an integral part of the City's transit strategy. The Board will be looking to the new CEO/General Manager to assist in its continued focus on the strategic vision for DASH and to provide the necessary analysis and information for a successful implementation of that plan.
The Alexandria Transit Company's DASH system provides safe, reliable, and courteous bus service within the City of Alexandria, and connects with Metrobus, Metrorail, Virginia Railway Express, and all local bus systems. DASH transports over 14,000 riders daily and serves all of the Alexandria Metrorail Stations and the Pentagon Metrorail station during morning and evening peak periods. DASH is a pleasant and affordable way to travel in and around Alexandria. For more information, contact DASH at 703-746-DASH (3274).
December 20, 2016
Walker & Dunlop, Inc. (WD) (the "Company") announced today Thomas Sigrist and Brad Burns have joined the Company as senior vice presidents in its FHA Finance group. Based out of the Company's Phoenix office, Messrs. Sigrist and Burns will be responsible for originating loans through the U.S. Department of Housing and Urban Development (HUD) for all multifamily and healthcare transaction types. Read More...
Executive Vice President and FHA Group Head, Michelle Warner, stated, "We are very excited to welcome Tom and Brad to Walker & Dunlop and to our HUD team. They bring with them extensive HUD experience, relationships, and an excellent track record of success in structuring more than $2.2 billion in financing solutions for their clients. We see great growth potential within the HUD lending space with the ageing population driving a need for significant healthcare lending and with the current market dynamics making HUD lending generally more in favor with commercial real estate investors. This was evidenced by the 249% growth in our HUD volumes in the third quarter of this year."
Messrs. Sigrist and Burns join Walker & Dunlop from Berkadia Commercial Mortgage LLC where Mr. Sigrist had been responsible for HUD lending since 1989 and Mr. Burns since 2010. Together, Messrs. Sigrist and Burns have originated over $2 billion in HUD loans throughout their careers, primarily in the Midwest, Southwest and Western regions of the United States.
December 19, 2016
County Executive Ike Leggett today moved to put the County’s Department of Liquor Control under new management by appointing Robert M. Dorfman as director of the County liquor business, which generates nearly $21 million annually in profit to County taxpayers while better protecting public health and public safety. Read More...
Dorfman, who lives in North Potomac, brings to the table a broad range of private sector experience and proven turnaround skills. Dorfman served in several senior level executive positions at Marriott International. Among those, he was President of Host International, the world leader in airport, travel plazas and sports and entertainment food and beverage operations (responsible for $1.5 billion in annual income and 25,000 employees.) He was the nation’s second largest franchisee of Five Guys (operating 35 locations in Florida, Texas, and Ohio), and was President and Chief Operating Officer of TrustHouse Services Group, the sixth-largest contract services company in the United States.
Most recently, he served as Managing Partner of two World of Beer franchises in Virginia.
“Bob Dorfman has been a success wherever he worked, “said County Executive Ike Leggett. “He is just the leader we need to bring private sector experience to the Department of Liquor Control. He will take the important improvements we have already made in bolstering sales and customer service and take them to the next level. This is a leader who thrives on challenges – and that is just what we need.”
“The County’s Department of Liquor Control has already taken some very meaningful steps to address previous issues and concerns,” said Dorfman. “I’m looking forward to adding my experience and expertise, from years of success in the private sector, to further strengthen the Department’s important role in servicing the needs of its customers, and positively enhancing the financial benefit to the County.”
The mission of the Department of Liquor Control is to provide licensing, wholesale and retail sales of alcoholic beverages, enforcement, and effective training and education programs. The annual budget is $63 million and the department employs about 300 full-time and 160 part-time employees. The Department generates about $280 million in net sales. That amount covers all the department’s expenses while also paying off $11 million in outstanding bonds and contributing $21 million to the County’s General Fund.
The appointment is subject to confirmation by the County Council.
July 28, 2016
On July 28, 2016, upon the recommendation of the Nominating and Governance Committee, the Board of Trustees (the "Board") of LaSalle Hotel Properties (the "Company") appointed Jeffrey Martin to the Board, effective October 17, 2016, subject to re-election at the next annual meeting of the shareholders to be held in May 2017. Read More...
Mr. Martin currently serves as Executive Vice President of Operations of JetBlue Airways Corporation ("JetBlue"), where he is responsible for flight, technical and systems operations, safety, security, NextGen initiatives, and JetBlue University, the airline's training division. Mr. Martin oversees the safe and secure operation of the airline's daily flights and fleet of aircraft.
Prior to joining JetBlue in March 2012, Mr. Martin served in various positions with Southwest Airlines from 1990 to 2012, most recently as Vice President - Operations Coordination. Mr. Martin also holds an Airline Transport Pilots license and is captain qualified on the DC-10, Boeing 737 and Airbus A320 aircraft. Mr. Martin is a veteran of the United States Air Force and holds a Bachelor of Science in Marketing from Pittsburgh State University.
Effective on October 17, 2016, Mr. Martin will become eligible to receive the standard compensation provided by the Company to its other non-employee trustees. Additionally, in connection with Mr. Martin's appointment to the Board, the Company and Mr. Martin will enter into an indemnification agreement in substantially the same form as the Company has entered into with each of the Company's existing trustees. Mr. Martin is not a party to any arrangement or understanding with any person pursuant to which he was appointed as a trustee, nor is he a party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company or any of its subsidiaries.
June 22, 2016
Walker & Dunlop, Inc. (WD) (the "Company") announced today that Jeff Robbins and Matt Ewig have joined its Capital Markets group. Messrs. Robbins and Ewig will each hold the title senior vice president & managing director and will be based out of the Company's Chicago and Milwaukee offices, respectively.Read More...
Walker & Dunlop President, Howard W. Smith, commented, "We're thrilled to continue our recruiting momentum by adding two talented originators, Jeff and Matt, to our Capital Markets team. Each has decades of experience in the commercial real estate finance space, and brings to Walker & Dunlop strong customer relationships and access to a wide variety of capital sources. Their significant multifamily financing experience will benefit from the Walker & Dunlop platform and our scale with the Agencies."
Prior to joining Walker & Dunlop, Messrs. Robbins and Ewig served as managing directors at Berkadia. During their careers, they have originated a combined $3 billion of commercial real estate loans, including permanent, interim, construction, and preferred equity and mezzanine financings.
April 26, 2016
Industry experts, Jeffrey Ringwald and William Jackson join Walker & DunlopRead More...
Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that seniors housing and healthcare finance experts Jeffrey Ringwald and William Jackson have joined its multifamily finance group in the Company's Dallas, Texas office. Mr. Ringwald, senior vice president and managing director, and Mr. Jackson, senior vice president, have originated a combined $2 billion of seniors housing loans across the country through a wide variety of capital sources including Fannie Mae, Freddie Mac, and the U.S Department of Housing and Urban Development (HUD).
As the largest Freddie Mac seniors housing lender in 2015, Walker & Dunlop has become an industry leader in seniors housing finance and is focused on continuing to grow its presence in this space. Mr. Ringwald and Mr. Jackson's decades of experience financing seniors housing properties will enable the Company to continue to meet borrowers' increasing demands for financing in this rapidly growing multifamily sub-sector.
Walker & Dunlop's President, Howard W. Smith, stated, "We are thrilled to welcome Jeff and Bill to our team. Walker & Dunlop originated $2.8 billion of seniors housing loans in 2015, and our scaled platform and proven expertise in the seniors housing space allowed us to attract these two talented professionals that we are confident will make our team even stronger. Not only do Jeff and Bill have specialized knowledge of both the seniors housing and healthcare markets, they also have experience using a wide variety of capital sources to finance these property types, which will greatly benefit our clients."
Prior to joining Walker & Dunlop, Mr. Ringwald and Mr. Jackson were both employed by Arbor Commercial Mortgage, LLC. As Senior Vice President of Seniors Housing & Healthcare, Mr. Ringwald led the origination effort and strategic direction of the seniors housing and healthcare platform. Mr. Jackson served as Vice President and was responsible for originating and structuring seniors housing and healthcare debt for borrowers across the United States.
April 15, 2016
Edward Johnson was selected as the top candidate during an April 14 board meeting. Contract negotiations will begin immediately.Read More...
Johnson will come to Orlando from the Metropolitan Atlanta Rapid Transit Authority, where he's been chief administrative officer. He previously was with Lynx for 13 years before joining MARTA in 2013, and his familiarity with Orlando was one of the factors that ultimately led to him being selected.
Stephen Kingsberry, a consultant with The Kingsberry Group and the former director/general manager of the Port Authority of New York and New Jersey, was the runner-up.
The Lynx board had selected its top five candidates by the end of March and since then has been conducting one-on-one interviews. A search for a new CEO began last September when former Lynx CEO John Lewis Jr. left for a new job out of state. Susan Black has since served as interim CEO, but she did not apply for the CEO position.
Orange County Mayor Teresa Jacobs shared that a big priority of hers in selecting the next CEO was that that person must help improve the perception of Lynx in the eyes of the public and legislators. All board members shared comments that all the top five candidates were well-qualified, and the decision to narrow down to one was difficult.
March 22, 2016
The Washington Metropolitan Area Transit Authority (WMATA) has begun a national search for a chief safety officer, who will report to the agency's general manager and chief executive officer.Read More...
The Southwest Ohio Regional Transit Authority (SORTA) has appointed Thomas Stringer Jr. senior vice president of operations and chief operations officer.
In the role, he's responsible for overseeing the operations, fleet and facilities, accessible services and planning and development departments, as well as the Cincinnati Streetcar, SORTA officials said in a press release.
Most recently, Stringer served as senior manager of service delivery for the Jacksonville Transportation Authority in Jacksonville, Fla., where he managed the authority's fixed-route transportation services.
Before that, he served as a regional VP and general manager with Keolis Transit America and MV Transportation.
December 9, 2015
The Washington Metropolitan Area Transit Authority (WMATA) has begun a national search for a chief safety officer, who will report to the agency's general manager and chief executive officer.Read More...
The chief safety officer would be the first major hire for GM/CEO Paul Wiedefeld, who began serving as the agency's top leader on Nov. 30.
Wiedefeld has said that safety will be his top priority at WMATA, which has experienced a series of safety lapses and related problems over the past year. In October, U.S. Transportation Secretary Anthony Foxx ordered the Federal Transit Administration to temporarily assume safety oversight of the agency.
In a press release, WMATA officials said the chief safety officer will provide strategic leadership to ensure the day-to-day safety of the system, employees and riders.
The agency is seeking a "dynamic and experienced safety executive who has proven experience in leading an agency-wide safety program as CSO," according to the press release. "The scope of responsibility includes the direction, oversight, development, management, and implementation of all facets of a system safety management program."
Interested candidates are asked to send their resume to Gregg Moser at email@example.com.
August 19, 2015
After an extensive search, Michael Hursh has been appointed as the new General Manager for AC Transit by the agency’s Board of Directors. Hursh, a Bay Area transit executive with over 20 years of public service experience, will succeed Kathleen Kelly who retired from the agency in December of 2011 and has been serving as Interim General Manager since April.Read More...
Hursh will begin his tenure as General Manager on September 21, 2015.
"We are thrilled to have someone of Hursh’s experience and personality to lead AC Transit to a bright future,’’ said AC Transit Board President Chris Peeples. "We had many excellent candidates, but Mr. Hursh really stood out."
The Board of Directors engaged the services of Maryland-based Krathamer & Associates to lead a nationwide search for the agency’s top position. Input was sought from employees and riders prior to launching the search on what the Board should consider in hiring someone for the position. After considering several strong candidates, the Board selected Michael Hursh to lead the agency.
Hursh, a nine-year veteran of the Santa Clara Valley Transportation Authority (VTA), has served as that agency’s Chief Operating Officer since 2012 and prior to that as Deputy Director, Operations for Maintenance and Security. In his present role, Hursh is responsible for directing and leading all VTA transit operations, including bus and light rail operations and maintenance, operator training, accessible services, as well as planning, scheduling and facilities maintenance. During his career he has led teams that successfully purchased more than $300 million of new rolling stock, improved fleet reliability, and successfully planned and delivered transit service to the newly constructed Levi’s and Avaya Stadiums as well as developing transit plans for Super Bowl 50.
He has also been a champion for the environment and has a thorough understanding of public transportation in the Bay Area, including its customers, key stakeholders and the employees that make transit systems work. From 1999 to 2006, Hursh held several positions including the Deputy General Manager for Maintenance, Safety and Training for San Francisco Municipal Railway.
"I am honored to be joining the AC Transit family", said Hursh. "To be part of such a dedicated team that has been providing public transit for nearly 55 years is extremely exciting."
A native of Reno, Nevada, Hursh is a long-time Bay Area resident and veteran of the United States Air Force, serving six years in active duty and five years as a reservist in the California Air National Guard. He is a past chair of the California Transit Association Rail Operations & Regulatory Committee and graduate of Leadership Contra Costa. Hursh is the father of two sons in high school and enjoys grilling, attending concerts, photography, and amateur radio communications in his spare time.
June 1, 2015
Walker & Dunlop, Inc. (WD) announced today that it has hired Dan Martin as senior vice president in its Capital Markets group headquarted in Bethesda, Maryland. Mr. Martin is a commercial real estate senior finance professional, responsible for sourcing and managing client relationships that lead to debt placement opportunities.Read More...
With over 20 years of commercial real estate experience and 11 years of leading a commercial real estate team, Mr. Martin is a proven leader within the industry. Prior to joining Walker & Dunlop, Mr. Martin served as a regional manager at GE Capital Real Estate where his team closed in excess of $5 billion of commercial loans in the past ten years. Before GE Capital Real Estate, Mr. Martin served as an investment officer at AMRESCO Capital and a treasury analyst at The Peterson Companies.
Walker & Dunlop's Head of the Mid-Atlantic Capital Markets team and Senior Vice President, Brian Casey stated, "Dan has a proven track record of adding value to a transaction. His real estate skill set in structured finance and excellent client relationships are a great complement to the team. We are excited Dan has joined Walker & Dunlop and look forward to benefiting from his expertise as we continue to grow the Mid-Atlantic Capital Markets team and broaden our platforms."
Mr. Martin received a master's degree in Finance from George Mason University and a bachelor's degree in Finance from the University of Maryland.
May 8, 2015
Washington Suburban Sanitary Commission (WSSC) has launched a nationwide search to replace outgoing General Manager and Chief Executive Officer Jerry N. Johnson, who announced his retirement in February. WSSC’s Board of Commissioners, the appointed governing body responsible for oversight of the agency, has obtained the services of one of the nation’s leading executive search firms, Krauthamer & Associates, Inc. (K&A) of Chevy Chase, Maryland, to assist the Board in finding the Commission’s next General Manager/CEO.Read More...
"Selecting the General Manager/CEO will unquestionably be our most important function over the next two months," said WSSC Board Chairman Omar M. Boulware. "WSSC is in the midst of a number of transformational initiatives and finding the right individual to move WSSC into the future…a leader…capable of advancing the Commission’s vision and key strategic priorities now and in the years to come is our top priority. K&A, having done this kind of work for over 40 years, coupled with their extensive experience in recruiting top leaders at other public utilities and large organizations of similar complexity, makes them the best partner for this huge endeavor."
The national search will focus on potential candidates capable of leading one of the nation’s largest water and wastewater utilities. WSSC is a bi-county agency entrusted with the vital mission of delivering water, life’s most precious resource, to over 1.8 million residents in two Maryland Counties, Montgomery and Prince George’s, which border the nation’s Capital. The Commission is seeking a seasoned leader with a proven track record of leading complex organizations, developing high performing, diverse and inclusive workplaces, and engaging and working well and collaboratively with a variety of stakeholders including Commissioners, customers, employees, State and County officials and regulators. Excellent interpersonal skills, strong financial management, environmental advocacy and political acumen are also a must.
Interested candidates should contact Gregg Moser of Krauthamer & Associates via email at firstname.lastname@example.org. The full position description can be found on the WSSC website/homepage under "Quick Links" -General Manager/CEO Position Announcement.
Current General Manager/CEO Jerry Johnson will continue to serve the Commission until a permanent General Manager is identified.
March 11, 2015
Charlotte hopes to have a new transit CEO on the job by July, but the city faces fierce competition for industry executives. On Wednesday, the Metropolitan Transit Commission, the regional governing body for planning and operations, heard an update on the search.Read More...
In January, Carolyn Flowers left the Charlotte Area Transit System for a job at the Federal Transit Administration in Washington. Flowers ran CATS for five years, earning $229,000 annually.
City government hired Maryland recruiter Krauthamer & Associates this year to lead the CEO search. Krauthamer's contract is for $65,000. Gregg Moser, head of the local public transportation practice at Krauthamer, told the commission this "is a unique time" to hire a transit executive. Boston, San Francisco and Vancouver are among the other large transit systems looking for new CEOs. That circumstance will likely drive salaries higher, he said.
The next transit CEO will be chosen by a three-person panel consisting of the city manager (Ron Carlee), the county manager (Dena Diorio) and transit commission member John Woods, the mayor of Davidson.
CATS is a city agency but receives a significant portion of its budget from a half-cent tax dedicated to transportation. Because that tax covers all of the towns and cities within Mecklenburg County, the regional commission was created to steer decisions on projects and planning.
Moser and the city human resources director outlined a search process involving community meetings, confidential contacts with possible candidates and, eventually, a short list of people who will interview with the three-person panel. A new CEO would likely start at the transit system in July, Moser said.
Later in the meeting, commission members heard an overview of budget projections and spending. Operating and spending for the current fiscal year, which ends June 30, is $132.4 million. For 2016 and 2017, that would increase to $135.3 million and $140.5 million, respectively.
The local transit tax would account for a projected $56.1 million next year and $52.5 million in 2017 for operating costs. CATS policy calls for money from the tax to first fulfill debt obligations before using the rest for operating expenses and annual reserve fund. Including that projected money, the tax will generate $74.5 million in 2016 and $77.1 million the next year.
Dee Pereira, the transit system finance manager, noted the current transit tax revenue — $73 million — is comparable to figures from 2008. In other words, the recession ravaged anticipated tax growth for the transit system. John Muth, interim CEO at the transit system, warned the commission that there is little to no money for expansion of the bus, rail and streetcar lines even as demand continues to grow.
Almost all of the future debt capacity is likely to be consumed by the $1.2 billion, 9-mile light-rail line between uptown and UNC Charlotte. Known as the Blue Line Extension, it is now being built and is expected to start running in 2017. The streetcar, being paid for with city money rather than transit taxes, starts service this summer with an initial 1.5-mile stretch between the NBA arena uptown and Novant Health Presbyterian Medical Center.
A second phase, spanning 2.5 miles, requires a 50 percent match from federal funding. President Obama's budget includes the $75 million match for expanding Charlotte's streetcar line, but Congress still must approve the proposal.
For the CATS budget covering 2016 and 2017, the transit commission will vote in April before City Council renders its decision in June.
February 17, 2015
Walker & Dunlop, Inc. (WD) (the "Company") announced today that Thomas Toland joined the Company as senior vice president of Multifamily Finance and will be based out of Walker & Dunlop's New York office.Read More...
Prior to joining Walker & Dunlop, Mr. Toland served as vice president at Berkadia® where he financed $1 billion of commercial real estate debt and equity transactions and $750 million in Freddie Mac and Fannie Mae multifamily transactions. Previously, Mr. Toland served as general counsel and one of the original shareholders during the foundation of Spring Bank in New York City where he supervised all legal issues for the bank development group. Earlier in his career, Mr. Toland served as an attorney for Haynes and Boone, LLP.
Executive Vice President & Chief Production Officer Don King commented, "Tom brings 14 years of experience and extensive knowledge of Freddie Mac and Fannie Mae to the Company and will serve as a valuable asset to the multifamily finance team. Mr. Toland's onboarding reflects the strength of commitment to our clients as we develop unique customized financing solutions to meet our clients' needs."
January 5, 2015
Walker & Dunlop, Inc. (WD) (the "Company") announced today that it has hired Ralph Lowen and Scott Becker to join its FHA Finance group. Mr. Lowen, senior vice president, and Mr. Becker, vice president, will focus on originating market-rate and affordable multifamily loans in addition to healthcare loans, out of the Company's Denver, Colorado office.Read More...
Prior to joining Walker & Dunlop, Mr. Lowen served as principal of FHA Loan Originations at Prudential Mortgage Capital Company. During his tenure at Prudential Mortgage, he originated and structured a total of $600 million in FHA loan volume for over 10,000 multifamily units. Before Walker & Dunlop, Mr. Becker served as an account manager at Prudential Huntoon Paige Associates, LLC. where he managed $724 million in FHA-insured loan volume.
Michelle Warner, senior vice president and group head of FHA Finance commented, "I am extremely excited about the energy and focus that both Ralph and Scott bring to Walker & Dunlop as they are unrelenting in their commitment to delivering exceptional customer service and innovative financing solutions to their clients. Their expertise in multifamily, healthcare and affordable housing will further enhance our current team, ensuring that Walker & Dunlop always offers the most innovative and competitive financing for our clients."
December 16, 2014
Allegheny County Executive Rich Fitzgerald and members of the Allegheny County Airport Authority today introduced Ms. Christina Cassotis as the new Chief Executive Officer of the Authority, which operates the Allegheny County Airport and the Pittsburgh International Airport. The Airport Authority Board will hold a special meeting this afternoon to formally vote to hire Ms. Cassotis.Read More...
Allegheny County Executive Rich Fitzgerald and members of the Allegheny County Airport Authority today introduced Ms. Christina Cassotis as the new Chief Executive Officer of the Authority, which operates the Allegheny County Airport and the Pittsburgh International Airport. The Airport Authority Board will hold a special meeting this afternoon to formally vote to hire Ms. Cassotis.
Previously, Ms. Cassotis was Managing Officer of ICF SH&E’s Airport Services Practice for seven years after serving in prior positions as Vice President and Director of the practice. During her 16 years with the firm, she created new market-leading service and product offerings and created and led competitive strategies for clients in the areas of air service, customer service and revenue enhancement. She began her career in transportation working for the Massachusetts Port Authority which operates Logan Airport. Ms. Cassotis holds an MBA from the MIT Sloan School of Management and a BA from the University of Massachusetts. She is a member of the Airports Council International/World Business Partner, the International Association of Women in Aviation, and is a founding member of MIT Sloan, Women’s Initiative.
"Christina was definitely the most outstanding candidate that we interviewed," said Authority Board Member and County Council Member Jan Rea, Chair of the Search Committee. "She has experience with both domestic and international flights, strong relationships with airports and airlines alike, and has experience in airport operations. Additionally, she has a background in marketing and promotion and is extremely well thought of in the airline industry. We look forward to having her on board."
The Airport Authority began its search in April 2014 with the assistance of a search firm. Its nationwide search led to the review of 12 resumes, interviews of four candidates and a round of second interviews for three of the candidates. The process was led by the Authority’s Search Committee which consisted of Authority Board Members Jan Rea (Chair), Cindy Shapira, Tony Bridge and Dennis Davin.
"I am honored and humbled to be given this amazing opportunity," said Cassotis. "I look forward to building on the growth and success at Pittsburgh International Airport and working with the community to make the airport the best it can be."
Ms. Cassotis and the Authority have agreed to a three year contract, with an additional two year option, with a base salary of $295,000. She will assume her new position in January 2015.
December 9, 2014
The Southwest Ohio Regional Transit Authority has appointed Dwight Ferrell as Metro’s Chief Executive Officer & General Manager, effective Jan. 5, 2015. Read More...
Ferrell most recently served as the County Manager of Fulton County, GA, where he led more than 5,000 employees in the management of activities and operations of county departments. In addition, Ferrell developed, recommended and administered the county’s state and federal legislative agenda.
Ferrell is a recognized leader in the transit industry. For four years, he served as Deputy General Manager and Chief Operating Officer of the Metropolitan Atlanta Rapid Transit Authority (MARTA), managing day-to-day operations for the ninth largest transit system in the United States.
Ferrell held leadership positions at some of the largest, multi-modal public transportation systems in the nation, including the Austin, Dallas, New Orleans, and Philadelphia. For many years, he has been actively involved with the American Public Transportation Association, Conference of Minority Transportation Officials, and Transportation Research Board. He participated in the Eno Center for Transit Leadership Executive Development Program and a graduate of Leadership Atlanta.
"We chose Dwight because of his tremendous experience in transit at some of the largest transit systems in the country. We believe he understands the importance and impact transit can have on emerging communities and economic development," said Jason Dunn, Chair of the SORTA Board. "Dwight understands that we need the community, corporate partners and political stakeholders to be fully engaged and to do this will require relationship-building, trust, access, and leadership."
Ferrelll holds a Bachelor of Arts degree in Business Administration in Management from Huston-Tillotson University in Austin, Texas.
Metro is a non-profit, tax-funded public service of the Southwest Ohio Regional Transit Authority, providing about 17 million rides per year.
October 27, 2014
The Metropolitan Transportation Authority (MTA) today announced that it has named David L. Mayer as the agency’s new Chief Safety Officer. The new position was created to reinforce safety as the top priority for all MTA agencies as they continue to improve work practices and invest in new technology and equipment. Read More...
"Having someone to oversee and lead safety initiatives throughout the system can only enhance and improve our efforts," said MTA Chairman and CEO Thomas F. Prendergast. "David’s experience with the National Transportation Safety Board, and exceptional work on safety projects in all modes of transportation, makes him the best person for the job."
Mayer will begin at the MTA on December 1. He will report directly to the Chairman and CEO. He will work closely with Metro-North Railroad Chief Safety Officer Anne Kirsch, Long Island Rail Road Chief Safety Officer Loretta Ebbighausen, New York City Transit VP System Safety Cheryl Kennedy, VP Safety Programs and Initiatives at MTA Bridges and Tunnels James Foley, and MTA Capital Construction VP of Safety Peter Kohner. They will continue to monitor the condition of crews and equipment at their respective agencies, reporting to their agency’s president.
"I’m excited to join a transportation network that is focused on promoting a safety culture while constantly looking for ways to improve its practices. I look forward to the challenge of proactively serving a population of over 15 million people," said Mayer.
Mayer began his career at the National Transportation Safety Board (NTSB) in 1991 in the Office of Research and Engineering. In 2001, he was named Assistant Managing Director and then promoted to Managing Director in 2009, the highest career-level position at the agency.
During that time, Mayer personally reviewed and led more than 50 major investigations including the 2009 Metrorail train collision in Washington D.C. and the 2010 airplane crash near Aleknagik, Alaska, that killed Senator Ted Stevens along with four others.
In addition to his strategic and technical expertise, Mayer also has extensive experience in employee relations, leading the NTSB’s labor relations activities. He was trained in experimental psychology as a human factors specialist and holds a doctorate from Rice University. He received a Bachelor degree with honors in Psychology from Centenary College. He also holds a private pilot’s license.
April 30, 2014
Metropolitan Transportation Authority (MTA) Chairman and CEO Thomas F. Prendergast today announced the appointment of Patrick A. Nowakowski as the next president of MTA Long Island Rail Road. Read More...
Nowakowski is a career railroad professional with broad experience in operations, engineering, infrastructure and planning. For the past five years he has served as Executive Director of the Dulles Corridor Metrorail Project, which is building a 23-mile rail line to connect with the Washington, D.C. Metro system. He previously served more than 27 years with the Southeastern Pennsylvania Transportation Authority (SEPTA), including seven years as Assistant General Manager of Operations.
“Pat Nowakowski is a railroad expert with a rare mix of skills and a long career of accomplishments, and I am pleased to welcome him to the Long Island Rail Road,” Prendergast said. “Our customers have high expectations for safe and reliable service, and events last year throughout the MTA family have shown why we must always stay focused on the basics of how best to provide that service.”
Nowakowski began his career in 1975 at the freight railroad that would become Conrail, designing track layouts as a civil engineer. He joined SEPTA in 1981 as a senior civil engineer, where he developed a five-year capital plan for its rails and roadbed, and advanced through a series of positions with increasing responsibilities for delivering service, maintaining equipment and managing infrastructure. Nowakowski earned a bachelor's degree in engineering from the University of Delaware and a master's in business administration from Drexel University. He still holds a professional engineer license from Pennsylvania.
“As a former president of the LIRR, I know firsthand the railroad’s proud history and vital role in ensuring's Long Island economic growth and quality of life,” Prendergast said. “In the coming years, the LIRR must successfully complete the Double Track project along the Ronkonkoma Branch, harden its infrastructure against the threat of future storms, and prepare for East Side Access to revolutionize service. Pat’s strong background in railroad operations will serve the LIRR well, and I trust Pat to enhance the railroad's operational excellence and emphasize safety and reliability as it confronts new challenges in the coming years.”
“The Long Island Rail Road is a public transportation resource like no other, and I am deeply honored that Tom Prendergast has entrusted me to lead it,” Nowakowski said. “Long Island relies on the LIRR, and Tom has made clear that my job is to make sure the railroad lives up to high expectations every single day, while also planning its future growth to improve the service we provide to Long Islanders. It's a tall order, and I look forward to working with the LIRR's customers, employees and other stakeholders to ensure the railroad achieves its goals.”
Nowakowski replaces Helena Williams, who served as LIRR president for almost seven years, making her the railroad’s longest-serving president in decades. A lawyer with deep experience in government and transportation, Williams had previously served 13 years in other MTA positions, including five years as president of MTA Long Island Bus. At the LIRR, Williams improved the railroad's customer communications, oversaw major capital improvements along branches and at terminals, and planned for new service growth while shrinking costs. She was the first woman to serve as the president of an MTA agency, the first woman to run the LIRR, and the first woman to run the MTA when she served as the agency’s Interim Executive Director and CEO in 2009.
“It’s been a privilege to have served as LIRR President,” Williams said. “My focus always has been on providing safe, secure and reliable train service to our customers and I believe we achieved those goals while improving customer communications and strengthening our relationships with the many communities we serve throughout Long Island. I am deeply grateful to the men and women of the LIRR and to my leadership team who have worked tirelessly to meet the needs of our customers and help modernize the LIRR’s operations.”
“I want to thank Helena for her long and successful service to the MTA, to Long Island and to everyone in the New York metropolitan region,” Prendergast said. “Helena’s tireless work to improve the LIRR’s operations, communications and community relations has not just made the railroad better for LIRR customers, but has improved the economy and the quality of life for everyone on Long Island.”
The LIRR carried 83.4 million riders last year. The oldest American railroad still operating under its original name, the LIRR has more than 700 miles of track and 124 stations on 11 different branches stretching from Penn Station to Montauk, approximately 120 miles away.
March 31, 2014
In a significant move aimed at further advancing its global business in the Aerospace and Defense (A&D) sector, Seabury Group LLC (Seabury) named Christopher E. Kubasik President & Chief Operating Officer. Mr. Kubasik, who previously served as Senior Advisor to Seabury, will have principal responsibility for spearheading Seabury’s strategic initiative to integrate its investment banking, management consulting and IT software products and services into a full-service package for current and prospective clients. Read More...
“I am pleased to secure an experienced executive of Chris’ caliber to manage our operations and to help our company grow,” said Seabury Group Chairman & Chief Executive Officer John E. Luth. “Chris brings a set of exceptional skills to the Seabury Group and its affiliated companies. His international, professional services, financial and operational experiences, combined with his entrepreneurial drive and leadership skills, will support our global growth strategy of expanding into adjacent markets and, in particular, further advancing our presence in the A&D industries.”
Prior to becoming a senior advisor to companies in the A&D arenas, Mr. Kubasik was Vice Chairman, President & COO of Lockheed Martin Corporation (NYSE: LMT), where he oversaw day-to-day operations from 2010 to 2012, with $46 billion in revenue and 126,000 employees. Previously, he held the positions of Executive Vice President of Electronic Systems division from 2007 to 2009, Executive Vice President & CFO from 2001 to 2007, and Vice President & Controller from 1999 to 2001. Prior to Lockheed Martin, Mr. Kubasik was with Ernst & Young, LLP from 1983 to 1999, the last three years as a partner.
“I am looking forward to working with the Seabury Group’s talented team to build on the company’s global reputation as a premier aviation and aerospace advisor,” said Christopher E. Kubasik. “I believe that the A&D sector can significantly benefit from leveraging Seabury’s diverse capabilities and comprehensive line of products and services.”
Seabury is a global advisory and investment banking firm with over 250 professionals based in 14 countries on five continents, with six offices in the United States, providing clients a comprehensive approach to driving business solutions, no matter how complex or challenging the issues. Seabury provides investment banking, merchant banking, management, human capital and IT consulting, and restructuring services to clients in aerospace, automotive, aviation, cargo/logistics, explosives/mining, financial services, gaming, hospitality, infrastructure, insurance, manufacturing, maritime/offshore oil & gas exploration, metals processing, mining, private equity, debt and hedge funds, real estate and travel industries. Seabury’s subsidiaries also offer enterprise MIS software solutions, structured investment products, FX trading and trade finance solutions and trading platforms, and solid fuel products derived from waste streams for the mining and metals processing industries.
January 28, 2014
Clean Coal Solutions, LLC ("CCS"), a leading provider of Refined Coal technologies, announced the appointment of George A. McClellan as Chief Executive Officer of CCS and Ron Eller as President of CCS and Chairman of the Board of Clean Coal Solutions Services, its sister services company. CCS is a joint venture between ADA-ES, Inc. (Nasdaq:ADES), an affiliate of NexGen Resources Corporation, and an affiliate of The Goldman Sachs Group, Inc. Mr. McClellan brings more than 35 years of experience in the coal and energy industries and Mr. Eller, who has been working with CCS on a consulting basis since mid-2013, has more than 20 years of experience in the technology and clean technology industries. Read More...
Commenting on his new role, Mr. McClellan stated, "I am excited to join CCS and lead the next phase of the company's growth. CCS's team of experts possess a deep technical knowledge of the emission challenges our customers face such as EPA's Mercury and Air Toxics Standard (MATS). By offering our proprietary non-bromine mercury control Refined Coal solutions for all types of boilers, we can help our customers burning bituminous, subbituminous, lignite coals and blends successfully meet the MATS requirements for the lowest cost."
Mr. Eller stated, "We look forward to placing our remaining Refined Coal facilities into full-time operation and continuing to provide our customers with the emissions and financial benefits of our Refined Coal technologies. We are currently treating coal for more than 20 boilers that produce more than 8,000MW of electricity, four of which have been in continuous operations for more than 3.5 years. Over the coming months, as we begin full-time operations of our remaining Refined Coal facilities, CCS expects to be providing Refined Coal that produces more than 20,000MW of electricity."
Mr. McClellan has held a range of roles in the production, distribution, marketing, trading and origination of coal and related energy commodities. He is the owner of Back Bay Coal Management, an origination and advisory company focused on investments in coal production and transportation in the United States. Previously he was with the coal origination and trading groups at Cargill, Inc., and Duke Energy, and was the Managing Director of Enron Global Markets. At Enron, he was responsible for the formation and management of Enron's global coal, vessel and emissions trading, origination and marketing group. Enron was the largest trader and market maker of domestic and international coal, and emissions credits. He has also held trading and management roles at Glencore International, Vitol Gas & Electric and Massey Coal.
Mr. Eller has held various senior management positions in the technology industry. Most recently he was President and CEO of Ascent Solar Technologies, a flexible thin-film photovoltaic manufacturer. Previously he ran various businesses within the enterprise technology group of Hewlett Packard, and prior to that held various senior management roles within the enterprise business and head office of Compaq Computer Corporation. Before that, Eller worked across various industries including energy and technology as a regional practice director with Price Waterhouse Consulting.
January 9, 2014
Metropolitan Transportation Authority (MTA) Chairman and CEO Thomas F. Prendergast today announced the January 31 retirement of MTA Metro-North Railroad President Howard Permut and the appointment of Joseph J. Giulietti as his successor. Read More...
Permut has been a senior Metro-North executive since he helped found the railroad in 1983 and has served as president for more than five years, overseeing the railroad’s expansion of service and ridership. Giulietti has served as executive director of the South Florida Regional Transportation Authority for more than 14 years, and previously was a Metro-North executive for 15 years starting at the railroad’s inception.
"I am pleased to welcome Joe Giulietti back to Metro-North, where he will take the reins at a critical moment. Joe began his railroad career as a brakeman and assistant conductor on the Penn Central Railroad, and has honed his operational and leadership skills through positions of increasing responsibility. I am confident Joe will quickly focus on enhancing Metro-North’s strong operational standards and safety practices, while continuing to develop the railroad’s future as a critical link in the region’s transportation system and economy," Prendergast said.
"Howard Permut’s career spans the entire history of Metro-North, a time in which the railroad enhanced its service to double its ridership and carry more customers than any other railroad in the nation. I want to thank him for his service to the railroad and to the people of New York and Connecticut during his distinguished career," Prendergast said.
Giulietti began his career in 1971 with Penn Central while attending Southern Connecticut State University, where he received his bachelor’s degree in history and English. In 1978 he became a road foreman with Conrail, where he advanced to become assistant manager for operating rules. He joined the newly-formed Metro-North in 1983 as superintendent of transportation, and later became engineer of track for the Harlem and Hudson lines, assistant director of transportation and schedule coordination, and director of a project to reduce operational inefficiencies and increase productivity.
Giulietti joined the agency now known as the South Florida Regional Transportation Authority in 1998 as deputy executive director and was named executive director two years later. The authority operates the Tri-Rail commuter rail system through Palm Beach, Broward and Miami-Dade counties, as well as other regional transportation services.
"Having worked at Metro-North when it began operations 31 years ago, I’m honored to have the opportunity to lead a railroad that is such a vital part of life for the people it serves," Giulietti said. "Metro-North’s customers have learned to have high expectations of their railroad, and I want to ensure it always performs safely, efficiently and effectively for the future."
"We hate to see Joe leave the South Florida Regional Transportation Authority. His leadership has been instrumental to our success as we approach the eve of Tri-Rail’s 25th anniversary. It is gratifying to know that one of the top transit systems in the nation has recognized his expertise, as did our Governing Board when he joined us in 1998. This opportunity brings him back to his roots. His intimate knowledge of Metro-North will be invaluable as they enter this period of transition and change. The Board and the staff thank him for his service and wish him continued success in his new position," said South Florida Regional Transportation Authority Chair Steven L. Abrams.
Permut began his MTA career in 1979 and was one of 10 people chosen to help form Metro-North from former Conrail commuter lines in 1983. He was named president in 2008. During his tenure Metro-North improved its financial efficiency, expanded and improved its infrastructure, modernized customer service and celebrated Grand Central Terminal’s centennial.
"I am proud of all that Metro-North has accomplished over the past 31 years, and glad to have had the opportunity to direct the railroad’s progress as president," Permut said. "The tragedies and challenges of the past year have deeply affected me as well as all Metro-North employees. We have implemented many steps to address these issues, and I know the railroad will continue to work aggressively to ensure Metro-North customers will always have a safe and reliable ride."
Metro-North employs more than 6,000 employees and runs a network of more than 700 miles of track on five main lines and three branches across nine counties and two states. The landmarked Grand Central Terminal is its flagship station.
October 24, 2013
Walker & Dunlop, Inc. announced today that the Company has expanded its capital markets brokerage operations on the West Coast and has hired Mark Grace as vice president to enhance regional production in Southern California. Mr. Grace will focus on financing all types of income-producing properties, including office, apartments, hotels, industrial and retail on the West Coast. Read More...
Mr. Grace joins Walker & Dunlop from NorthMarq Capital, Inc., where he was responsible for originating permanent loan transactions for commercial properties located nationwide. Previously, Mr. Grace worked in the brokerage group at CB Richard Ellis, where he managed systems relating directly to private investments for retail, office and industrial properties.
Senior Vice President & Capital Markets Chief Production Officer, Bill Wein commented, "As Walker & Dunlop expands, it is imperative that we continue to focus on maintaining and strengthening our position in all regions, as well as offering financing products to accommodate clients and properties nationwide. Mark is a great asset to the Walker & Dunlop team and will immediately enhance Walker & Dunlop's mortgage origination platform on the West Coast."
September 19, 2013
Carmen Bianco has been named president of MTA New York City Transit (NYCT), Metropolitan Transportation Authority Chairman and Chief Executive Officer Thomas Prendergast announced yesterday. Read More...
A 30-year transportation industry veteran, Bianco has been serving as NYCT's acting president since April, after New York Gov. Andrew Cuomo named Prendergast to his current post.
Bianco is the seventh person to serve as NYCT president since the title was created in 1980. Previously, he served as senior vice president of NYCT's subway department, overseeing the entire subway system since 2010.
"Carmen is a leader with lengthy mass transit and railroad career experience," said Prendergast in a prepared statement. "He understands the issues, is an advocate for the customer and will remain someone the employees can depend upon for support."
Bianco is credited with leading the subway system through MTA's response to the devastation caused late last year by Hurricane Sandy, which flooded tunnels, inundated stations and washed out tracks in what MTA officials have described as the most devastating event ever to strike the subway system. He oversaw immediate efforts to pump out water and make round-the-clock emergency repairs; construction work to restore damaged service areas; and long-term planning to prevent future flooding, MTA officials said.
"While there are great challenges ahead, I know I am supported by the finest team in the mass transit industry," Bianco said. "Together, we will continue to improve the travel experience for our 7.5 million daily subway, bus, paratransit and Staten Island Railway customers."
Bianco's prior experience also includes a stint as president of NYCT's Department of System Safety from 1991 to 1995, and senior safety positions at Amtrak and New Jersey Transit.
July 1, 2013
K&A Completes Search for Senior Vice President and Chief Production Officer of the Capital Markets Department for Walker & Dunlop
Walker & Dunlop, Inc. (NYSE: WD) announced today that William F. Wein, Jr. ("Bill") has joined the Company as senior vice president and chief production officer of the capital markets department, responsible for the day-to-day operations of the Walker & Dunlop capital markets group. He will be located in the Company’s Chicago office. Read More...
Mr. Wein joins Walker & Dunlop from Marcus & Millichap Capital Corporation, where he managed loan originators in the eastern and central United States; managed, enhanced and expanded life company, bank and CMBS lender relationships; and increased revenues year over year. Previously, he was executive vice president at Cohen Financial where he was responsible for operations and annual transactions of $5+ billion. During his time there, Mr. Wein doubled gross revenues, managed, enhanced and expanded key lender relationships and served as a member of the executive committee.
Howard Smith, executive vice president & chief operating officer stated, "Bill is a great addition to the Walker & Dunlop team. His depth of experience and strong industry relationships will help us continue to accelerate our growth across the country in the capital markets area of our business. In the management of the Company's day-to-day operation of the capital markets group, Bill will ensure that Walker & Dunlop's nationwide team is well-positioned to offer a range of lending strategies and options to meet client needs."
Mr. Wein earned his bachelor’s degree from Denison University in Ohio and his MBA from Syracuse University.
May 17, 2013
Calling it the fulfillment of the dream of a lifetime, state Rep. Daniel Davis took over Friday as the president and chief executive officer of JAX Chamber. Read More...
His focus, he said during the afternoon news conference announcing the hiring, will be on increasing the value of the chamber to its membership, particularly aiming at small businesses.
With his wife and parents in attendance — he made them promise not to put it on Facebook before it was officially announced — Davis said he was excited about the opportunity to help businesses expand.
"We’ve all seen what the last few years have done to our economy," he said. "I have to tell you’re that we are emerging from the valley of the great recession we were in. It’s time for us to grow our economy again."
Among the first things he’ll do in the job is work to grow membership, create more membership value, help small business continue to grow and be a leader on business issues, he said. "Northeast Florida is a great place to get a job, a great place to grow your business," he said. "We’re going to roll out the red carpet for CEOs."
He has not yet decided if he’ll step down from his seat in the Legislature, which the 40-year-old Republican has held since 2010. Before that, he served on the Jacksonville City Council for seven years.
Davis’ main focus will be the chamber, said chamber Chairman Greg Smith, but the conversation about his elected role is still continuing.
"We’ll collectively sit down and make the best decision for the community, for Daniel and the chamber," Smith said. "That will happen in the next few weeks."
The chamber undertook a national search to fill the position, said Kelly Madden, the chairwoman of the search committee. Davis was picked because he had experience leading membership organizations, understands local issues and has a passion for the region.
"Of all of the exceptional leaders we interviewed, Daniel Davis was the most outstanding," she said.
Davis comes to the job after serving as executive director of the Northeast Florida Builders Association, the area’s second-largest membership organization. As chamber president, he said, he’ll work to "marry" those two groups.
Davis replaces Wally Lee, who retired in March after turning 65. Lee led the organization for 23 years, coming to the post after serving as president of the chambers of Mobile, Ala., and Spartanburg, S.C.
May 17, 2013
Bethesda, MD – Walker & Dunlop, Inc. (NYSE: WD) announced today that Brian Casey will join the Company’s Proprietary Capital Group on May 23rd. Mr. Casey joins Walker & Dunlop from MetLife, where he was responsible for their domestic and international commercial whole loan lending operation which originated approximately $9 billion of mortgage loans in 2012. Mr. Casey will be responsible for managing Walker & Dunlop’s Proprietary Fixed Rate and Bridge Loan Funds, which are both currently in development. Read More...
Mr. Casey spent over 15 years at MetLife, most recently as managing director/head of real estate debt strategies. In addition to loan production, he was responsible for overseeing MetLife’s $42 billion general account mortgage loan portfolio. Mr. Casey served as chairperson of the real estate mortgage investment committee at MetLife.
"We are delighted to welcome Brian to the Walker & Dunlop team," commented Jeff Goodman, Executive Vice President of Proprietary Capital at Walker & Dunlop. "There is significant market demand for long-term, fixed rate financing across allproperty types that Walker & Dunlop plans to meet with our Separate Account strategy. Brian’s background, exceptional track record and leadership will propel Walker & Dunlop’s growth initiatives in this area," continued Goodman. "Brian will also be responsible for Walker & Dunlop’s bridge lending program, which is currently active and will be augmented by raisingsignificant institutional capital in the coming months. We could not be morepleased to have Brian join our rapidly growing real estate finance platform."
Mr. Casey received a dual bachelor’s degree in business and psychology with minor concentrations in economics and accounting from The University of Pittsburgh, where he graduated Cum Laude. He also earned a Master of Business Administration degree in finance & investments with a concentration in real estate finance from The George Washington University in Washington, DC. Mr. Casey currently serves on the MBA Multi-Family Steering Committee, is an active member of the Washington, DC ULI Executive Board, and is a frequent panelist at MBA, CREFC and various industry events.
March 21, 2013
Krauthamer & Associates (K&A), a DC-area based executive search firm, announced today that Guy McLeod has joined the firm as a partner. Mr. McLeod will specialize in senior executive and board director searches in the aerospace, defense and aviation sectors, as well as other global practice areas. Read More...
Mr. McLeod joins K&A from another international search firm, where he conducted myriad searches for airlines, airports, aerospace and defense clients. Before working in the search profession, Mr. McLeod worked for the international aircraft manufacturer Airbus, where he held a number of senior management positions, including most recently, President and Chief Operating Officer of Airbus North America Sales Inc.
"I have known Guy for over 10 years dating back to his time at Airbus," said Gary Krauthamer, founder and president of K&A. "With a relationship spanning over a decade, and his deep industry knowledge in the aerospace and defense space, we are truly thrilled to have him join our team as we continue to expand our aviation and related practices."
Mr. McLeod also served as Senior Vice President, Head of Asset Management at Airbus headquarters in France, where he had full profit and loss responsibility for Airbus' secondhand aircraft portfolio of some 60 used aircraft, including sales, purchasing and leasing. Prior to that position, he served as President of Airbus China, where he led Airbus' organization in the Greater China market, which included sales, support, government affairs and industrial cooperation.
"With my years of experience in aviation, I am excited to join K&A whose reputation is unmatched in the industry," said McLeod. "I have known Gary and the other principals for many years and with their tremendous capabilities and strategic approach to executive search, I am excited about the opportunity to work with such a talented team."
Mr. McLeod, who is a British National and resident of the United States, began his career as an officer in the British Army. He earned a bachelor's degree in chemical engineering from Edinburgh University and is a graduate of the Royal Military Academy Sandhurst.
December 20, 2012
Walker & Dunlop, Inc. (NYSE: WD) announced today that it raised over $100,000 for Fannie Mae's Help the Homeless Program ("HTH") through the Company’s annual fundraising efforts in 2012. Since 2006, Walker & Dunlop has raised over $500,000 for HTH. Read More...
HTH raises awareness and funds for Washington metropolitan area organizations that are working to prevent and end homelessness, with an emphasis on programs that help homeless people return to independent living. HTH also fosters volunteerism in service to the homeless and those at risk of becoming homeless. Walker & Dunlop’s efforts specifically benefit Georgetown Ministries, a community supported organization serving the homeless in the Georgetown/Foggy Bottom area that helps transition homeless people to self-sufficiency, and Woodley House, an organization dedicated to helping homeless and mentally disabled citizens of the District.
Jeff Hayward, Senior Vice President & Head of Multifamily, Fannie Mae, commented, "Outstanding! That is the word that best describes the efforts of Walker & Dunlop to support our Help the Homeless event. I amawed by your efforts to raise money for a cause that means so much to all of us at Fannie Mae. Thank you for your collective generosity. It was inspirational."
Walker & Dunlop’s annual HTH fundraising is comprised of three components – fundraising activities throughout the year by Walker & Dunlop employees; business partner/client donations; and an annual company-wide raffle & auction. Partner/client donations this year totaled over $20,000 from companies such as JBG Rosenfeld Retail, Carey Kramer Pettit, Krauthamer & Associates, Carrollton Enterprises and B.E.S.T. The company-wide raffle and auction raised an additional $65,000, and included prizes as diverse as a week in Palm Springs, to dinner for 12 served by tuxedoed-waiters Willy Walker, CEO and Howard Smith, COO. Additionally, Walker & Dunlop employees in Bethesda organized and participated in two 5k walks around Washington, on October 20 and November 16, with our beneficiaries.
December 6, 2012
iJet Onboard, a privately held provider of platform-based software services enabling the intelligent aircraft, today announced thirty-year aviation and technology veteran Steve Forte will join the company as its Chief Executive Officer. Read More...
Forte brings deep experience to the position including tenures as CEO of Naverus, Inc., a global leader in Performance-based Navigation; General Manager of GE Aviation PBN Services; and as a senior executive with United Airlines.
"Steve has the right balance of technology entrepreneurism and traditional aviation experience. He also brings a strong track record for creating shareholder value because he understands how to operationalize and execute business strategy," said iJet Chairman and Co-Founder William J. Marks. "His in-depth knowledge of the aviation business and extensive network of relationships inside the industry will be invaluable to our company."
Prior to managing Naverus through a dramatic growth period and leading the round of complex negotiations resulting in their sale to GE, Forte was a senior executive at United Airlines during some of its most challenging times. With responsibility for more than 13,000 employees, 10 pilot domiciles, United’s flight training center and its headquarters staff, Forte played a critical role in leading the company through complex business events including the 9/11 tragedy and United’s financial restructuring.
As former Chairman of the International Air Transport Association (IATA) Operations Council and the Air Transport Association (ATA) Operations Committee, he has worked closely with global airlines, manufacturers, and regulators on a variety of industry issues. He is also an experienced pilot with 14,000 flight hours in over 50 aircraft types, and is rated on numerous Boeing and Airbus jets.
"I am delighted to become a part of the iJet team. This talented group of people has developed an innovative service-based platform that will drive operational efficiency and provide new sources of revenue for airlines," said Forte. "Airlines and their suppliers will benefit from almost unlimited access to data using software-based solutions developed by iJet, airlines and third-party developers."
Seattle-based iJet Onboard has developed the aerospace sector’s first open and secure Platform as a Service (PaaS). The iJet Platform is designed to host third-party applications which provide data and systems management capabilities, enabling the industry to mine and distribute aircraft intelligence, both in the air and on the ground.
July 17, 2012
Vasomedical, Inc. (VASO), a diversified medical technology company specializing in the design, manufacture and sale of medical devices and in the domestic sale of diagnostic imaging products, today announced the appointment of Randy Hill as Senior Vice President of Vasomedical and Chief Executive Officer of Vaso Diagnostics, Inc. d/b/a/ VasoHealthcare, a wholly owned subsidiary of Vasomedical, effective July 30, 2012. VasoHealthcare is the exclusive representative for the sale of select GE Healthcare Diagnostic Imaging products to specific market segments in the 48 contiguous states of the United States and the District of Columbia. GE Healthcare is the healthcare business of General Electric Company (GE). Read More...
A veteran in the medical device industry, Mr. Hill was, until May 2011, interim Chief Executive Officer of Siemens Healthcare USA, the U.S. organization of the healthcare sector of Siemens AG (SI), a German multinational conglomerate, where he was responsible for sales, marketing, service, and logistics across the Siemens Healthcare portfolio, including medical imaging equipment, healthcare information technology and medical therapy. For several years prior to that, Mr. Hill was Chief Operating Officer of Siemens Healthcare USA, responsible for setting and implementing national strategies to sell Siemens products and services, and achieving synchronization across Siemens Healthcare’s U.S. Business Management and Solutions Implementation teams. In addition to his career at Siemens Healthcare spanning several decades in a wide range of roles with many different responsibilities, Randy, as a recognized leader in the medical imaging business, is also former Chair of the Board of Medical Imaging & Technology Alliance (MITA), the leading organization and collective voice of medical imaging equipment manufacturers, innovators, and product developers, representing companies whose sales comprise more than 90 percent of the global market for medical imaging technology.
"Alternative sales channels are an effective sales strategy for any national or global manufacturer to achieve broad and sustainable success, and VasoHealthcare is a leading organization that has excelled in this field with a great performance track record," commented Mr. Hill upon accepting the position. "I am very excited about joining the leadership at Vasomedical and leading an exceptional team of sales professionals at VasoHealthcare. I look forward to working with this young, energetic team towards growing the relationship with GE Healthcare to better serve our customers."
Welcoming Mr. Hill to Vasomedical and VasoHealthcare, Dr. Jun Ma, President and CEO of Vasomedical, stated, "We are thrilled to have such a successful industry leader like Randy Hill as part of our leadership team. Randy’s in-depth knowledge of the diagnostic imaging business and broad understanding of the medical device industry will be an invaluable asset to VasoHealthcare and Vasomedical. I look forward to his advice in many aspects of our business and am confident that he will play a significant role in further development of our company to achieve its full potential."
May 1, 2012
The Port Authority today launched a nationwide search for a new Chief Financial Officer (CFO) to replace the outgoing CFO who has decided to retire effective the end of this year. The position oversees the agency's multi-billion annual capital and operating budget and other critical financial matters that are facing the agency in this challenging economic climate.Read More...
The new Chief Financial Officer will replace Michael Fabiano, who has announced he will retire after serving the agency for more than 36 years, including the last two as the agency's top financial executive. Mr. Fabiano will work closely with the Port Authority's Human Resources Department and with Krauthamer & Associates, Inc., a leading executive search firm that specializes in industry sectors including aviation and transportation.
"It’s clear that we must improve the historical financial practices of this agency and begin a new era of smart, controlled spending that will allow the Port Authority to make critical infrastructure investments that fit within its financial ability and enable us to meet our responsibilities," said Port Authority Chairman David Samson. "Mike is a consummate professional who has helped us to begin to focus on transportation infrastructure projects and economic growth. We must now find the right person to continue his work."
"TheNavigant report established new ways for the agency to do the public’s business, which require us to establish new priorities for how we spend ourmoney and finance our operations," said Port Authority Vice Chairman Scott Rechler. "Mike dedicated his career to this agency and the people of this region and he has been a tremendous asset as we begin to implement this historic level of reforms. With his planned retirement, it is critical that we recruit a professional who also understands our public mandate and who willgive sound guidance to ensure the Authority makes informed financial decisions."
"Mike has been an exemplary, dedicated public servant who rose through the Port Authority's ranks to one of the agency's most important positions," said Port Authority Executive Director Pat Foye. "Now that Mike is leaving us, we are committed to looking far and wide to find an equally outstanding professional with the top-shelf financial expertise to run our business better, smarter and more cost efficiently."
"Our agency has faced unprecedented financial challenges in recent years, and we were extremely fortunate to have Mike guiding our ship to maintain the agency's strong financial position,"said Deputy Executive Director Bill Baroni. "Now we need to set a course for the future--one that will require us to deal with new reforms set by the Board, as well as the equally challenging task of building new infrastructure and maintaining existing facilities, all with limited resources."
The new CFO position will serve as a key business partner to the Executive Director and the Deputy Executive Director. The individual will provide direction and management for all agency financial and accounting functions, and will perform long-term strategic financial planning to ensure the continuedfinancial strength and stability of the agency.
Mr. Fabiano joined the Port Authority in 1976 as a Principal Accounting Clerk in the Comptroller's Department and advanced through the ranks, assuming the position of Assistant Comptroller in 1996 and Comptroller in 2003. As Comptroller, he helped ensure the continued financial integrity of the agency in the aftermath of 9/11.
In 2006, Mr. Fabiano served as Deputy Chief Financial Officer/Comptroller. In that position, he implemented the organization's Enterprise Risk Management Program. He was named Chief Financial Officer in 2010.
March 1, 2012
The Honolulu Authority for Rapid Transportation's board of directors today selected Daniel Grabauskas as the agency's CEO/executive director to oversee the Honolulu rail transit project. Read More...
Grabauskas will begin his new role in mid-April heading the agency responsible for the construction, operation and maintenance of the $5.2 billion rail project. The HART board of directors voted unanimously on the selection after taking public testimony at its board meeting today at Mission Memorial Annex.
"I am humbled to be selected as HART executive director and I am fully committed to helping bring this project to reality," Grabauskas said. "I want to thank the HART board for its support and I look forward to working with the HART staff as we continue moving forward."
Grabauskas' three-year HART contract includes an annual base salary of $245,000, a $36,000 a year housing allowance and a transportation allowance of $6,000 a year. The proposal also includes the potential for a $35,000 annual performance bonus.
Grabauskas is currently chairman and senior strategic adviser of the Bronner Center for Transportation Management, Grabauskas formerly served as general manager of the Massachusetts Bay Transportation Authority (MBTA). As chief executive officer of MBTA, Grabauskas had oversight of a 6,100-employee operation, with an annual operating budget of $1.4 billion and an annual capital budget of more than $500 million, with operations in 175 municipalities throughout eastern Massachusetts and Rhode Island. His work also included completion of several capital expansion projects, including an 18-mile commuter rail line.
Grabauskas also served as Secretary of Transportation for the state of Massachusetts, with oversight of a $1.4-billion annual administrative budget and an annual capital budget of more than $1.8 billion. In that cabinet-level role, Grabauskas had oversight of MBTA, highways and municipal airports.
The HART board's selection process began in November 2011 and involved 150 people being contacted as part of the search.
"Dan Grabauskas has shown himself to be a proven leader in the transit industry and we are very excited to see him come aboard at this time," said Keslie Hui, chairman of the HART board's Human Resources Committee. "After an extensive screening process, the board concluded that Mr. Grabauskas was the one for the job: he is an honorable public servant, passionate about public transportation in general and our project in particular, and he is fully committed to using his considerable knowledge, skills and experience to delivering rail to the people of Honolulu, on time, and within budget."
January 9, 2012
LaSalle Hotel Properties (NYSE:LHO) today announced that Jeff Foland has been elected to the Company’s Board of Trustees, effective January 25, 2012. Mr. Foland will also serve on the Company’s Compensation Committee and Nominating and Governance Committee as an independent trustee. Read More...
"We are excited to welcome Jeff Foland to our Board of Trustees," said Michael D. Barnello, President and Chief Executive Officer of LaSalle Hotel Properties. "We are confident that Jeff’s knowledge and experience within the travel industry will serve us in achieving the Company’s strategic objectives."
Jeff Foland currently serves as Executive Vice President of United Airlines and President of Mileage Plus Holdings, LLC. Jeff is responsible for all aspects of United’s loyalty programs and credit card business as well as media sales and external partnerships related to the loyalty program currency. Prior to his current role, Mr. Foland was responsible for United’s corporate strategy efforts and served as Senior Vice President of Worldwide Marketing and Sales at United. Before joining United in 2005, Mr. Foland served as a principal at ZS Associates, a global sales and marketing consulting firm. He was responsible for consulting in more than a dozen industries and led large-scale sales and marketing transformation initiatives.
Mr. Foland serves on the executive committee and board of trustees for Adler Planetarium and Astronomy Museum in Chicago, where he also chairs the marketing committee. He is on the board of directors of the Wings Club in New York, and was previously a board member at the National Business Travel Association and the Chicago Convention and Tourism Bureau. He holds a bachelor’s degree in mechanical engineering from Purdue University and a master’s of business administration from the University of Michigan.
Krauthamer & Associates, a boutique executive search firm that provides recruitment services to a diverse client base in the United States and abroad, assisted the Company’s Board in this search.
LaSalle Hotel Properties is a leading multi-operator real estate investment trust owning 37 upscale full-service hotels, totaling over 9,800 guest rooms in 13 markets in 9 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale full-service hotels located in urban, resort and convention markets. LaSalle Hotel Properties seeks to grow through strategic relationships with premier lodging companies, including Westin Hotels and Resorts, Hilton Hotels Corporation, Outrigger Lodging Services, Noble House Hotels & Resorts, Hyatt Hotels Corporation, Benchmark Hospitality, White Lodging Services Corporation, Thompson Hotels, Sandcastle Resorts & Hotels, Davidson Hotel Company, Denihan Hospitality Group, the Kimpton Hotel & Restaurant Group, LLC, Accor, Destination Hotels & Resorts, HEI Hotels & Resorts, JRK Hotel Group, Inc., Viceroy Hotel Group and Highgate Holdings.
November 17, 2011
The Honolulu Authority for Rapid Transportation’s (HART) Finance Committee Thursday approved the agency’s proposed operating and capital budgets for fiscal year 2013 and has requested that the budgets be transmitted to the mayor and the City Council for their review.Read More...
The committee approved HART’s proposed $22.8 million operating budget along with the $491.5 million capital budget after a public hearing. No general fund monies are being requested from the city. Prior to adopting fiscal year 2013 budgets, the full HART board will conduct another public hearing.
"We’ll be submitting the budgets to both the mayor and the council for their consideration and input," said HART Finance Committee Chairman Don Horner.
The board of directors also received an update on the core systems contract, including a third‐party review of Ansaldo Honolulu’s bond documents. That review determined the company is in compliance with the payment and performance bonds required to execute the contract.
"The review was conducted on behalf of the City by Kobayashi Sugita & Goda LLP, and followed two months of due diligence and analysis performed by HART and City procurement staff," said HART Board Chairwoman Carrie Okinaga. "As a result of that diligence, Finmeccanica, parent company of one of the two Ansaldo Honolulu JV partners and part owner of the other, assured HART of its intention to ensure contractual performance."
Interim Executive Director Toru Hamayasu confirmed that in light of concerns regarding the financial condition of Finmeccanica – which is not a party to the contract but is a guarantor – he will conduct additional due diligence and seek additional assurances from the JV partners regarding contract compliance.
A joint HART Finance and Project Oversight committee meeting has been scheduled for Nov. 25 to provide updated information on the procurement process to ensure the bidder has the technical and financial capacity to meet all of its obligations under the contract.
In other meeting matters, the board approved the recruitment plan and position description for the permanent HART executive director/CEO position. The City selected Krauthamer & Associates Inc. as its search firm for the position. "The search will be international in scope, but our position description makes clear that HART is looking for someone who will embrace the uniqueness of our culture and environment," said Human Resources Committee Chairman Keslie Hui. "The anticipated cost of our search will be slightly over $152,000, and this will cover all advertising and consultant time."
The firm, which recently assisted the Bay Area Rapid Transit ("BART") board of directors in its successful search for its general manager, will assist the HART board of directors in sourcing and identifying qualified applicants for the position. The board plans to hire a permanent executive director during the first quarter of 2012.
For more information on HART and the Honolulu rail transit project, see our website at www.HonoluluTransit.org.
August 8, 2011
Governor Andrew M. Cuomo today announced the creation of an MTA Search Advisory Committee that will assist in recommending and evaluating candidates for the next chairman and CEO of the Metropolitan Transportation Authority.Read More...
"This committee will help conduct a national and international search to find and recommend the most talented candidates for the next chairman of the MTA," Governor Cuomo said. "I am committed to appointing a new chairman who will put straphangers first and who will continue to reform the MTA by reducing costs and waste, while improving efficiency and service."
The advisory committee is comprised of leading public transportation experts and management professionals in the public and private sectors. An executive search and recruitment firm, Krauthamer & Associates, has been engaged to assist in the process. The Governor's appointment of an MTA chairman is subject to Senate confirmation.
Mortimer Downey, former Deputy Secretary of U.S. Department of Transportation, said, "This committee will assist with a comprehensive review and evaluation process of top-tier professionals to be considered for next chairman of the MTA. With tight budget pressures and hard decisions ahead, the new chairman must ensure the MTA provides quality service while meeting tough fiscal demands. Governor Cuomo's strong commitment to the MTA is reflected in this committee's membership of experienced civic leaders and public transportation experts."
Gene Russianoff, Senior Attorney of the NYPIRG Straphangers Campaign, said, "The next chairman and CEO of the MTA will shape transportation policies in the New York metropolitan region for millions of daily riders, and I congratulate the Governor for putting together a great panel to seek the best possible candidates."
Robert Yaro, President of the Regional Plan Association, said, "Governor Cuomo has charged this committee with assisting in the selection of a new chairman for the MTA and over the next months we will help evaluate and review top public transportation professionals from across the nation. I commend the Governor for assembling this committee to assist with finding a new chairman, and I look forward to continuing to work together to revitalize our state's public transportation system."
April 27, 2011
American Public Transportation Association Selects Krauthamer & Associates to Conduct Search for President & CEO
Krauthamer & Associates (K&A), a DC-area based executive search firm, has been selected by the American Public Transportation Association (APTA) to lead the recruiting efforts for a new President and CEO. APTA retained K&A to replace William W. Millar who announced his retirement after 15 years with the organization. Millar will retire effective October 31, 2011.Read More...
James LaRusch, Chief Counsel and Vice President-Corporate Affairs for APTA said, "Bill has dedicated his career of nearly 40 years to improve public transportation, and we are indebted to him for his leadership and service. We wish Bill the best of luck in his retirement, and look forward to finding a successor who can follow his lead in expanding APTA's reach and effectiveness."
K&A will begin the nationwide search for his replacement immediately, focusing on candidates with extensive leadership experience in the public transportation and related industries.
"We have begun the search process to find a pool of well qualified candidates," said Gary Krauthamer, founding partner of K&A. "Bill is an internationally known and well respected industry advocate and a well-known expert in the field of public transportation and transportation policy. Together with APTA, we will work to find an executive who can continue his dedication to the advancement of public transportation."
With over 500 completed executive positions in the area of transportation, Krauthamer will lead the search with colleagues Todd Dorfman and Gregg Moser.
"We feel privileged to have been selected to secure leadership talent for APTA, and we look forward to identifying those industry professionals who are passionate about APTA's mission," said Krauthamer.