Friday, April 4, 2014

Port of Redwood City Finance Director Retiring

By Mark Edward Nero

Port of Redwood City Director of Finance & Development Cynthia Hampton says she will retire effective May 12, 2014, after more than 15 years at the South San Francisco Bay port.

Prior to joining the Port of Redwood City, Hampton was controller at the Port of Sacramento for 11 years.

The port has already begun recruiting for a qualified individual to fill the position, Executive Director Michael J. Giari said.

During her tenure at the port, Hampton was instrumental in issuing two successful revenue bonds, which enabled the port to remediate a former petroleum tank farm site and construct a new, modern wharf facility, the first new wharf built at the port in 30 years, Port Commission Chair Lorianna Kastrop said.

“She also modernized the port’s accounting systems and led the port into full compliance with current government accounting standards and procedures,” Kastrop said. “he detailed financial budgeting system established by Hampton assisted the port in meeting its financial goals and achieving 15 years of profitable operations based on port revenues.”