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Rail News: Intermodal

Alameda Corridor authority appoints Preusch CFO


On Friday, the Alameda Corridor Transportation Authority (ACTA) named Jim Preusch chief financial officer to succeed Dean Martin, who has resigned to become executive manager of finance and administration for the Inland Empire Utilities Agency.

Scheduled to take office Sept. 30, Preusch most recently served as a principal consultant with HTNB Management Consulting. During the past 32 years, he also served as CFO and treasurer for the Port of Los Angeles, and held various accounting and financial management positions with PepsiCo, Rockwell International, Infra-Trans L.L.C. and AG Edwards & Sons.

As a consultant, Preusch focused on designing and implementing funding strategies for capital development and infrastructure projects, including rail.

"[He] knows ACTA's financial structure, and understands the ports and maritime industry," said ACTA Chairman Janice Hahn in a prepared statement.

ACTA's CFO since 1999, Martin oversaw the authority's financial activities during construction of the Alameda Corridor — which opened in April 2002 — and structured the agency's repayment of $573 million in federal loans earlier this year.

"It is not often that a government loan is paid back 28 years early, but Dean Martin helped make it possible," said ACTA Chief Executive Officer John Doherty.

Contact Progressive Railroading editorial staff.

More News from 8/23/2004