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Thu, Dec 3, 2015

Boards Accept CEO’s Resignation

PHOENIX, AZ – Following a joint meeting of the Valley Metro RPTA and Valley Metro Rail Boards of Directors, action was taken to accept the resignation of Chief Executive Officer Stephen R. Banta and place him on administrative leave effective immediately. On Monday, December 7, the Boards will meet again to review a separation agreement.

“It’s time for change in the senior leadership role at Valley Metro,” said Phoenix Councilmember, Valley Metro Rail Board Chair and Valley Metro RPTA Board Treasurer Thelda Williams. “We will work over the next few months to audit records and strengthen policies to ensure our expectations and the expectations of taxpayers are better met into the future.”

Eric Anderson, Transportation Director with the Maricopa Association of Governments (MAG), was named acting CEO while an interim CEO decision can be made. An interim CEO selection is expected at the December 17 joint Board meeting. In early 2016, a national search will be conducted to find a permanent replacement to guide the Valley Metro agency, staff and its mission of providing customers with a safe, efficient and reliable public transit network.

Additionally, the Boards instructed acting CEO Anderson to begin the process of hiring a third-party, independent auditor to review financial policies and records, compliance with these policies and recommend any changes. This audit is in addition to the one being undertaken by the City of Phoenix as the region’s designated federal recipient.

“The Valley Metro agency has done incredible work over the last several decades to improve the public transit system for our residents and visitors,” commented Avondale Councilmember and Valley Metro RPTA Board Chair Jim McDonald. “The good work will continue by the staff as we’re expeditious in finding the next chief executive to continue building a system that connects our communities and enhances our region.”

About Valley Metro: Valley Metro provides eco-friendly public transit options to residents of greater Phoenix and Maricopa County including the planning and operations of a regional bus system and the development and operations of 23 miles of light rail. In Fiscal Year 2015, total ridership for the system was 71 million passengers. Six light rail extensions are planned or are under construction that will create a 66-mile system by 2034. Valley Metro also offers transit options including alternative transportation programs for seniors and people with disabilities, commuter vanpools, online carpool matching, bus trip mapping, bicycle safety and telework assistance. Two Boards of Directors set the policy direction for the agency with the intent of advancing the regional public transit system. Get the latest news by following us on Facebook and Twitter or visiting valleymetro.org.
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