The Cayman Islands Airports Authority is advertising for a new chief executive officer nearly a year after suspending and then firing its former boss amid an investigation into expenses.
Jeremy Jackson is still trying to clear his name after being suspended in December last year and then fired in March apparently on the basis of an internal audit ordered by then chairman Richard Arch.
Chief Financial Officer Shelly Ware, who was also fired by the CIAA, is bringing a lawsuit against the board claiming it acted unlawfully and unfairly.
Kerith McCoy, who has been acting CEO for the past 12 months, has been replaced in that position by Andrew McLaughlin, senior manager of safety systems.
The CIAA says Mr. McCoy is on annual leave until January but has declined to comment on whether Mr. McLaughlin will remain as acting CEO when he returns.
The authority also declined to comment on the process of recruiting a new boss for the CIAA, which has been effectively leaderless for a year.
With government outlining plans for the multimillion dollar expansion of airport facilities on all three islands and the contract to produce a business case for the upgrades currently out to tender, 2014 promises to be an important year for the authority.
The CIAA is recruiting through Deloitte for the top job, which attracts a salary in the range of $124,758 to $160,377, according to an advertisement in Friday’s Caymanian Compass.
The recruitment ad says the new CEO will be tasked with maximizing “commercial opportunities with a view to achieving self-sufficiency, including generating a capital and reserve fund.”
The advertisement adds that the CEO will be responsible for creating the strategy and vision for the authority, though it makes no specific mention of the planned expansion.
A strategic outline case published by government in October said all three airports needed to be upgraded to meet demand.
The report described Owen Roberts International Airport in Grand Cayman as aged, congested and increasingly unable to cope with passenger levels that are already double the intended capacity.
The document is the first step in a lengthy procurement and accountability process required for major public infrastructure projects.
The next phase is the production of a business case, which will involve a cost/benefit analysis on various options for the airport, including a new terminal building and expanded runway. The business case will compare the economic impact of various options for all three airports to determine the exact scope and size of each project.
The model for financing the development, given government’s mandated borrowing limits, will likely involve a private sector partner, though the strategic outline leaves the door open for the CIAA to finance the project.