Friday, June 28, 2013

Port of Everett Hires New CFO

After a nationwide search, the Port of Everett has hired City of Bellingham Finance Director John Carter to fill the Chief Financial Officer post left open by the imminent retirement of current CFO Karen Clements.

The hiring represents a homecoming of sorts for the new CFO: Carter, 58, grew up in Everett. He’s expected to assume his new position Aug. 12.

“I am very excited to work for such a great organization, with such outstanding opportunities, and, to do so in a place where I have deep family roots is an added bonus,” he said in a statement released by the port.

Carter, a Certified Public Accountant licensed in Washington state, received his bachelor’s degree in accounting from Central Washington University. Prior to working as the City of Bellingham’s Director of Finance the past five years, he spent 18 years in the port industry as the CFO at the Port of Bellingham.

At the Port of Everett, Carter will be responsible for the port’s $56 million-plus capital and operating budgets, its investment portfolios, risk management, bond issuance and overseeing information technology. He’ll also participate in union negotiations, lead staff efforts for the state and federal audits and manage the port’s industrial development corporation.

The position comes with a starting salary range of between $125,000 and $135,000 annually.

“John comes to the port highly recommended for his abilities to blend financial management with strategic planning and investments,” Port of Everett Executive Director John Mohr said. “We have numerous opportunities at the Port of Everett, but these opportunities take strategic financing plans and analysis to realize. John is the right person to help us navigate this growth period.”

The port’s current CFO, Karen Clements, retires in September after 18 years on the job.