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Queens Chronicle

Walder to resign as MTA chairman

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Posted: Thursday, July 21, 2011 5:08 pm | Updated: 2:32 am, Thu Oct 11, 2012.

The chairman of the Metropolitan Transportation Authority will resign in October after two years on the job.

Jay Walder will leave to become chief operating officer of the MTR Corporation in Hong Kong. He notified Gov. Cuomo of his intentions on Thursday.

In a statement issued by the MTA, he called the transit system the foundation of the metropolitan region.

“We are very fortunate to have thousands of dedicated men and women who work so hard to provide these important services to millions of people each and every day,” he said.

The statement credited Walder with bringing fiscal stability to a system that serves 8.5 million people a day.

Veronica Vanterpool, deputy director of the Tri-State Transportation Campaign, said she was surprised by the announcement.

“We think he has been an effective, inovative leader, and helped restore credibility to the MTA during his tenure,” Vanterpool said.

She credited him with saving millions of dollars through improved efficiency.

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