{"id":10134,"date":"2023-05-17T19:40:13","date_gmt":"2023-05-17T23:40:13","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/commodities\/top-u-s-oil-export-port-launches-search-for-new-ceo\/"},"modified":"2023-05-17T19:40:14","modified_gmt":"2023-05-17T23:40:14","slug":"top-u-s-oil-export-port-launches-search-for-new-ceo","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=10134","title":{"rendered":"Top U.S. oil-export port launches search for new CEO"},"content":{"rendered":"
\n

By Arathy Somasekhar<\/p>\n

HOUSTON (Reuters) – Officials at the Port of Corpus Christi, the largest U.S. oil-export port by volume, on Wednesday said they intend to appoint an interim chief soon and to begin a search for a new CEO.<\/p>\n

The move comes a day after Sean Strawbridge, the port’s CEO since 2018, resigned at a commission meeting where he was questioned about his business expenses. <\/p>\n

“All of my expenses to my knowledge are compliant with port policy and state statutes, and have all cleared the internal review process and approval process,” Strawbridge said in a Reuters interview. <\/p>\n

His resignation has been “in the works for a while,” said Strawbridge, who called it “purely a personal decision.” <\/p>\n

Port commissioners did not reply to requests for comment. <\/p>\n

Strawbridge, whose resignation is effective June 2, grew the port’s operating revenue by 76.5% to $162.3 million between 2017 and 2022, while operating expenses climbed 29%, according to official summaries. <\/p>\n

During his tenure, the port launched a project to deepen and widen the ship channel to the port, expanded its role in liquefied exports, and this year applied to become a hydrogen hub under a Department of Energy grant program. <\/p>\n

“I am leaving the institution in a much better condition than when I arrived,” Strawbridge said. <\/p>\n

The Port of Corpus Christi Commission approved a separation agreement and severance package, officials said in Wednesday’s statement. Strawbridge declined to discuss terms of his separation agreement. <\/p>\n

“I have spent a fair amount of my career in the private equity world,” Strawbridge said, adding he expects to seek work as an advisor to infrastructure funds. <\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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