Gary Dellaverson is the new Chief Financial Officer of the MTA.
A memo went out Wednesday at Lee Sander’s staff meeting.
“"As you know, we face enormous challenges in restoring MTA's financial stability. Solving these critical problems will take all of our best efforts. To better position us to confront these challenges, Gary Dellaverson has agreed to fill our Chief Financial Officer position. Gary will focus his attention on our efforts to leverage efficiencies through internal consolidation and corporate restructuring while also assuming responsibility for our treasury, financing and budgets, and financial management functions. Gary's extensive experience throughout the MTA will help us find the most fruitful areas for savings, while minimizing customer and employee impact. Although Gary's departure from Labor Relations may cause some temporary disruption, I think this will be an excellent opportunity for establishing a new direction in our employee relations function consistent with vision of a new partnership with labor."
For the past 16 years he was director of labor relations at the MTA and arch-nemesis of the TWU Local 100. He, along with MTA Chair Peter Kalikow, had insisted on the changes to the pension structure that lead to the strike.
The TWU Local 100 declined to comment on his new position.
But, in his new position it will be up to Dellaverson to find ways to balance the MTA’s budget which is no small task. It is currently predicting an $805 million deficit in 2008, $1.47 billion in 2009 and $1.79 billion in 2010.
“Gary has a strong background in MTA finances, he has a strong sense of the difficult financial challenges the MTA faces and brings a tremendous amount of institutional knowledge,” Elliot “Lee” Sander, the MTA’s executive director and CEO, told The Tracker while aboard a LIRR train today.
Insiders have long said the Dellaverson was often the go-to person for day-to-day operations at the MTA. He is also regarded as an expert on the authority’s budget.
Download the memo here Download file
And check a list of Dellaverson’s quotes here
-- Chuck Bennett
