THE PORT AUTHORITY OF NY & NJ

Press Release Article


PORT AUTHORITY NAMES MICHAEL NESTOR AS AGENCY'S NEW INSPECTOR GENERAL

Date: Nov 19, 2014
Press Release Number: 235-2014

Agency also Promotes Steven Pasichow to Director of Investigations

The Port Authority today announced the appointment of Michael Nestor to head the agency's Office of Inspector General, an independent body that investigates complaints of misconduct and wrongdoing by Port Authority employees and vendors. Mr. Nestor has served in the position in an acting capacity since July following the death of former longtime Inspector General Robert Van Etten.

In addition, the agency also announced the promotion of Steven Pasichow to the position of Director of Investigations. Mr. Pasichow has served in that position in an acting capacity since July.

"Mike and Steve are both highly-respected professionals who bring decades of investigative experience to these critical positions," said Port Authority Chairman John Degnan. "As a public agency, it's vital that the Port Authority back up its commitments to integrity and transparency with the utmost vigilance in preventing fraud or other misconduct in our operations."

"A strong and independent Office of the Inspector General is crucial to ensuring that this agency's mission is carried out effectively and with the highest standards of integrity," said Port Authority Executive Director Pat Foye. "Mike and Steve are outstanding law-enforcement professionals, and I am confident in their ability to ensure the agency operates in the public interest."

Mr. Nestor joined the Port Authority in 1997 as Assistant Inspector General, and supported the development of the newly established Office of Inspector General. In 2004, he was promoted to Director of Investigations, overseeing cases of fraud and misconduct on the part of employees and vendors, prior to his promotion to acting Inspector General in July. Prior to joining the Port Authority, Mr. Nestor was a 27-year veteran of the U.S. Customs Service, where he held various positions including Deputy Special Agent in Charge, New York and New Jersey.

Mr. Pasichow joined the Port Authority in 2004 as Assistant Director of Investigations after a 26-year career with the New York City Department of Investigation, where he served as assistant commissioner and Inspector General for various New York City agencies.

The Port Authority's Inspector General is responsible for receiving and investigating, where appropriate, complaints regarding wrongdoing, fraud, waste, abuse, and conflicts of interest, by Commissioners, officers, and employees of the Port Authority, or third-party individuals or organizations doing business with the Port Authority. The Director of the Audit Department, who also reports to the Inspector General, is responsible for the internal auditing functions in the Port Authority and for auditing of financial and operating records of firms doing business with the Port Authority.

CONTACT:
Port Authority of New York and New Jersey
212-435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where construction crews are building the iconic One World Trade Center, which is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.