Public finance veteran Robert Foran will today be named the new chief financial officer of New York’s Metropolitan Transportation Authority. Foran, 53, a public finance banker for nearly three decades, has been working with MTA since the 1980s and was a key figure in its $15 billion restructuring that began in 2002.

“Bob is brilliant in my book and incredibly knowledgeable about the MTA,” said chairman and chief executive officer Jay Walder. “We need to find ways to be able to drive costs out of our company and really overhaul the way we do business and find the ways to do that without impacting our customer service, and I think Bob’s going to be a terrific asset in doing that.”

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