Monday, September 24, 2012

Is Roosevelt Island Operating Corp Board Of Directors Taking Control Of New RIOC President Selection Process? Maybe, But Still No Word On Why Former RIOC President Resigned

The Roosevelt Island Operating Corp (RIOC) Governance Committee

 Image of RIOC Directors and Staff Before Governance Committee Meeting Begins

met this evening for over an hour in Executive Session (closed to the public) to discuss the resignation of former RIOC President Leslie Torres, the appointment of an interim President and procedures for selecting a new President.

At the conclusion of the Executive Session, the RIOC Directors announced that General Counsel Donald Lewis will be the Interim RIOC President/CEO until an Emergency RIOC Board of Directors meeting is held which is scheduled for next Wednesday October 3. At that full RIOC Board meeting, an Acting President/CEO will be named by the RIOC Directors and procedures will be announced for conducting a job search for a new RIOC President.

The RIOC Directors also stated that they do not know why Ms. Torres resigned and that they did not learn of her resignation until last Friday.  Ms. Torres resignation was effective the same day it was announced.

Here's some of what happened during the Governance Committee Public Session.



Interestingly, The Tribeca Trib reported on September 12 that the Chairperson President of the Battery Park City Authority resigned effective October 1. The Battery Park City Authority is a NY State Public Benefit Corporation similar to RIOC.

This previous post describes how the RIOC President selection process played out in 2010 following the removal of former President Steve Shane. The Governor, through the DHCR Commissioner, picked Ms. Torres as RIOC President and the RIOC Board's acquiesced to the selection. Perhaps that will not happen this time.