Tuesday, January 29, 2013

Port of Everett CFO Retiring

The person in the number three management position at Port of Everett, Chief Financial Officer Karen Clements, announced in late January that she’s retiring in September after 18 years on the job.

“I have really enjoyed working at the port, as well as with many port staff and commissioners,” Clements said. “Working 18 years at the Port of Everett has passed much faster than I could have imagined and I am so proud to have been a part of such a great organization.”

As chief financial officer, Clements has been responsible for the port’s $56 million-plus capital and operating budgets, its investment portfolios, risk management, bond issuance and overseeing information technology. During her tenure, Clements has led the port to 15 consecutive years of clean audits.

Also during her time at the port, she has participated in union negotiations, led staff efforts for the state and federal audits and managed the port’s industrial development corporation.

The port says it will hire a recruiting firm to fill her position.

“Karen did a fantastic job managing the port’s assets, and hers will definitely be big shoes to fill,” Port Commissioner Tom Stiger said. “I know for a fact, that I will be spending these next nine months picking her brain to get as much of her financial knowledge as I can before she leaves.”

Prior to joining the Port of Everett, Clements worked for the City of Puyallup for 12 years.