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You are here: Home / Phoenix Light Rail / METRO chooses new CEO

METRO chooses new CEO

December 9, 2009 by Nick Bastian 4 Comments

Today, METRO announced the appointment of  it’s new CEO answering many of the questions surrounding Rick Simonetta’s impending retirement from his position. The new CEO will be Stephen Banta, who currently manages Portland’s TriMet system.

Rail Life would like to extend a warm welcome to Mr. Banta.

Today’s press release is as follows…

METRO Board enters negotiations with final CEO candidate:

PHOENIX — METRO light rail Board of Directors extends an offer of employment to Stephen R. Banta to serve as METRO’s new Chief Executive Officer.  Staff will begin work with METRO member cities to negotiate a fair and equitable employment contract with Mr. Banta.  The CEO selection will be made official with the Board’s approval of the contract.

“This was a very difficult [selection] process,” said METRO Board Chairman and Phoenix Vice Mayor Tom Simplot following the Board’s executive session where the two final candidates – Mr. Banta and Deborah Wathen Finn – were discussed.  “Either candidate could take the reins and lead us with outstanding success; they are each professionals and top of their class.”

Mr. Banta presently serves as the Executive Director of Operations for TriMet, the transit authority for the Portland metropolitan region. TriMet is the 7th largest transit system in America providing more than 350,000 trips each weekday on its 52 miles of light rail, 14.7 miles of commuter rail and 81 bus lines.  Prior to TriMet, Banta served as the Chief Operations Officer with the Port Authority of Allegheny County in Pittsburgh, Pennsylvania for eight years.  He has more than 23 years of experience in the transit industry, starting his career in 1986 repairing railcars.

Current CEO Rick Simonetta will stay in this role through December 31, 2009.

Filed Under: Phoenix Light Rail Tagged With: Metro Light Rail, Phoenix Light Rail, Rail Life, Rick Simonetta, Stephen Banta

About Nick Bastian

Nick Bastian is a 29 year veteran of the real estate industry and can be reached at 602-803-6425. You'll also find him sharing real estate info on his web site and hanging out onTwitter.
Family man, lover of life, maker of friends. A bit of a geek, long time Tempe real estate guy just havin' some fun. What's your story?

Comments

  1. Leah Robbins says

    December 9, 2009 at 5:30 pm

    Congratulations Steve!

    Reply
  2. elsid56 says

    December 10, 2009 at 4:39 am

    …welcome aboard steve!…

    Reply
  3. transitworker says

    December 11, 2009 at 5:08 pm

    you can have him! Atu local 757

    Reply
  4. transitworker says

    December 11, 2009 at 10:08 pm

    you can have him! Atu local 757

    Reply

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