
Board Elects New Panama Canal Administrator
The Panama Canal Board of Directors has actually assignedMr Ricaurte Vasquez as the following Panama Canal Administrator, prospering existing Administrator Jorge L. Quijano that will certainly end his seven-year term at the helm of the river later on this year.
Mr Vasquez will certainly take workplace on September 4, 2019
Vasquez will certainly end up being the 4th Panamanian Administrator of the river soon prior to it commemorates its 20th year under Panamanian management on December 31, 2019. Past Panamanian Administrators consist of Jorge Quijano (2012-2019), Alberto Aleman Zubieta (1996-2012) and also Gilberto Guardia (1990-96), that was the Administrator of the Panama Canal Commission, the united state government company that ran the Canal up until 1999.
The choice to designate Vasquez to the duty was made by the Board of Directors in conformity to an independent, clear and also extensive procedure mandated by the Panamanian Constitution and also Organic Law of the Panama Canal Authority, the ACP stated in a declaration.
“As part of the Panama Canal Authority’s autonomous institutional process, the Board of Directors developed its evaluation criteria based upon an analysis of the Panama Canal’s vision, mission, values, strategic objectives and challenges for the coming years,” stated Roberto Roy, Chairman of Board of Directors and also Minister forCanal Affairs “After months of undergoing this strategic planning process, the Board of Directors determined that Mr. Vasquez has the expertise needed to lead the waterway through its next era of growth.”
Ricaurte Vasquez has greater than thirty years of experience in economic and also worldwide resources market administration and also in the general public field. He worked as Minister for Canal Affairs and also Chairman of Panama Canal Board of Directors (2004-2006), replacement manager (2000-2004) and also money supervisor (1996-2000) for the river, contributing in preparing for thePanama Canal Expansion Program Recently, he worked as General Electric’s exec supervisor (2013-2015), vice head of state, and also chief executive officer for Central America and also the Caribbean (2008-2011).
He has a PhD in Managerial Economics and also a Master’s Degree in Operations Research and also Statistics fromRensselaer Polytechnic Institute He likewise has a Master’s Degree in Economics from North Carolina State University.
Vasquez is currently readied to start a shift duration under the assistance of Administrator Quijano, that will certainly be retiring after greater than 40 years in the river.
“We are committed to ensuring that Mr. Vasquez acquires the knowledge and expertise required for a smooth transition,” statedAdministrator Quijano “As was the case during past transition periods, we can assure the maritime community that the waterway will continue to offer uninterrupted, reliable and safe service to its customers.”
The Panama Canal Board of Directors has actually likewise introduced the consultation ofMrs Ilya Espino de Marotta as the following Deputy Administrator of thePanama Canal Mrs. Espino de Marotta will certainly take workplace in January 2020, when the existing Deputy Administrator Manuel Benitez retires after greater than 40 years with thePanama Canal Mr. Benitez will certainly likewise carefully go along with Administrator Quijano in the change procedure.
Mrs Espino de Marotta started her profession in the river in 1985 and also has greater than thirty years of experience at thePanama Canal She was just recently assigned Vice President of Transit Business and also led the Panama Canal Expansion Program as Executive Vice President for Engineering.