The Massachusetts Port Authority (Massport) today announced two senior management appointments at its April regular monthly meeting. The Massport Board approved the appointment of George Hertz as Chief of Staff for CEO and Executive Director Thomas J. Kinton, Jr. Hertz served as Massport’s Executive Vice President from 2002 to 2006.
The Board also named John Pranckevicius as Director of Administration & Finance. Pranckevicius served for 12 years as Budget Director for the City of Worcester beginning in 1993 before his promotion to Chief Financial Officer in 2005.
“I am pleased to welcome two experienced professionals to my senior team whose knowledge of public finance and Massport facilities will enable the Authority to deliver its mission in a cost-effective way on behalf of all our customers,” said Kinton.
“John’s experience as CFO of a city with complex needs and a $530 million budget makes him well suited to handle the fiscal demands of a dynamic agency like Massport whose facilities generate more than $9 billion in economic activity each year,” said Kinton.
“I know from working with George in the past that his detailed understanding of Massport and its needs, along with his wide-ranging experience in both the public and private sectors, will assist me in making the tough decisions that are needed to ensure Massport continues to operate in a sound business manner.”
During his tenure in Worcester, Pranckevicius introduced on-line financial transactions that increased cash flows by $1.2 million. He helped improve the City’s financial performance by 67% during four of the last five years, while maintaining Worcester’s investment quality bond ratings with all three rating agencies. Pranckevicius implemented health insurance reforms that resulted in $38 million in savings for the City. He was also instrumental in negotiating the $568 million, mixed use CitySquare Project development that stimulated $470 million in private development.
Hertz has more than 30 years experience in business and government. He was state budget director in the early 1980s when passage of Proposition 2 ½ forced the state to assume financial responsibility for many services provided by local government. At Massport, Hertz was instrumental in an Authority-wide reorganization that incorporated private sector business practices into Massport operations by making individual transportation facilities more accountable for profits and losses.