THE PORT AUTHORITY OF NY & NJ

Press Release Article


PORT AUTHORITY ELECTS OFFICERS AT BOARD MEETING

Date: Apr 27, 2005
Press Release Number: 45-2005

The Port Authority of New York and New Jersey’s Board of Commissioners today re-elected Anthony R. Coscia of North Caldwell, N.J., as Chairman of the bistate agency and Charles A. Gargano of New York City as Vice Chairman. The Board also re-elected Kenneth J. Ringler Jr. of New York City as Executive Director, and elected Darrell Buchbinder of Larchmont, N.Y., as General Counsel.

A. Paul Blanco of Nanuet, N.Y., was elected as Chief Financial Officer. Karen E. Eastman of Old Bridge, N.J., was re-elected as Secretary, Anne Marie Mulligan of Aberdeen, N.J., was elected to a new term as Treasurer, Michael Fabiano of Rutherford, N.J., was re-elected as Comptroller, and John D. Brill of Huntington, N.Y., was re-elected as Director of Audit.

Mr. Coscia, Mr. Gargano and Mr. Ringler were re-elected as Chairman, Vice Chairman and President, respectively, of the Port Authority’s subsidiaries: the Port Authority Trans-Hudson Corporation (PATH), the Newark Legal and Communications Center Urban Renewal Corporation, and the New York and New Jersey Railroad Corporation.

Ernesto L. Butcher of South Orange, N.J., the bistate agency’s Chief Operating Officer, was re-elected Vice President and General Manager of the PATH rapid transit system, and Vice President and Secretary of the New York and New Jersey Railroad Corporation. Michael B. Francois of Warren, N.J., the agency’s Chief of Real Estate and Development, was re-elected Vice President and Secretary of the Newark Legal Center Corporation. Mr. Buchbinder, the Port Authority’s General Counsel, also serves as Counsel to the subsidiaries.

The Chairman serves as chief executive officer and principal policy spokesman for the 12-member Board of Commissioners, whose members, six from each state, are appointed by the governors of their respective states. Each appointee is subject to the approval of the respective state Senate.

The Commissioners serve without compensation for six-year overlapping terms. The Board sets the policies of the Port Authority, and its actions are subject to review and veto by the governors.

Mr. Coscia, who has served as Port Authority Chairman since April 2003, is a partner in the law firm of Windels Marx Lane & Mittendorf, LLP, and serves on the firm’s Executive Committee. Prior to his appointment to the Port Authority Board, Mr. Coscia served as Chairman of the New Jersey Economic Development Authority, one of the largest state-sponsored development banks in the United States, with more than $2 billion in assets and $14 billion in financings.

New York Governor George E. Pataki originally appointed Mr. Gargano as a Commissioner of the Port Authority. He has served as vice chairman since joining the Board on April 6, 1995.

Mr. Gargano currently serves as Chairman and CEO of the Empire State Development Corporation, New York State’s economic development agency. He is a former U.S. Ambassador to the Republic of Trinidad and Tobago and Deputy Administrator of the federal Urban Mass Transportation Administration.

Mr. Ringler has served as Executive Director since October 27, 2004. He previously served as New York State Commissioner of General Services. From May 1999 through March 2001, Mr. Ringler served as Executive Deputy Commissioner at the New York State Department of Motor Vehicles, where he was responsible for all divisions within the department. Previously, Mr. Ringler was First Deputy Secretary of State from May 1996 through May 1999.

Before joining state service, Mr. Ringler had an extensive career in government and business. He was the Supervisor of the Town of Bethlehem in Albany County from 1990 to 1993, and also has been a private business owner.

The Port Authority of New York and New Jersey owns or operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge and Bus Station; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit rail system; the Port Authority-Downtown Manhattan
Heliport; Port Newark; the Elizabeth-Port Authority Marine Terminal; the New York Container Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.

The Port Authority is financially self-supporting and receives no tax revenue from either state.