The Port Authority of New York and New Jersey’s chief financial officer, A. Paul Blanco, is retiring after 39 years of service, the authority announced last week at a board meeting.
Blanco, who started at the authority in 1971, had been CFO since 2005.
The authority named acting chief technology officer Michael Fabiano as his replacement.
Fabiano has been with the authority for 34 years and had been deputy CFO and comptroller.
Board commissioner Henry Silverman read a resolution honoring Blanco that cited his work on the authority’s multibillion-dollar budgets and capital plans, redevelopment at the World Trade Center site, the acquisition of Stewart International Airport, and other regional transportation projects.
Blanco is one of 316 employees who are retiring this year, the authority announced last week.
While some of those employees may have participated in an early retirement incentive offered by the state, most had served at the authority for 30 to 40 years and were due to retire, according to spokesman Steve Coleman.