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Port Appoints Bob DeAngelis as CFO

Contact: Contact: Tanya Castaneda (619) 686-6330 on .

RobertDeAngelisThe Port of San Diego is pleased to announce the appointment of Robert "Bob" DeAngelis as Chief Financial Officer/Treasurer. DeAngelis will begin his new role immediately, overseeing Financial Services and Accounting as well as the Port's Business and Information Technology Services.

He succeeds Jeff McEntee, who is retiring in May after 25 years of stellar service with the Port of San Diego. McEntee has held the CFO/Treasurer role since 2001.

The Port conducted a nationwide search for this key position and considered a highly qualified pool of applicants before making this appointment.

DeAngelis is moving to San Diego from Utah, where he was a Senior Vice President, Operations Reporting at Teleperformance, an international business provider of customer service and technical support. His prior experience included CFO for a Teleperformance subsidiary, Vice President, Finance for Dexpo.com and working at one of the "Big Four" accounting firms, KPMG, all in the Philadelphia area.

"I am happy to welcome Bob DeAngelis as a key member of the executive leadership team," said President and CEO Wayne Darbeau. "We were impressed with his experience leading finance and operations for domestic and international companies, both publicly and privately held. I'm confident that with his proven ability to lead and manage in a world of constant change and increasing complexity, he will build on Jeff McEntee's outstanding performance record of prudent and disciplined stewardship of the Port's financial resources while bringing ideas for more innovation and enterprise success in an increasingly interlinked regional and global economy."

"We welcome our new CFO/Treasurer Bob DeAngelis, who brings an outside business perspective to build on the Port's strong foundation of financial sustainability and integrity in public finance," said Chair Ann Moore of the Board of Port Commissioners. "At the same time, we wish Jeff McEntee well in retirement after a quarter of a century of public service. He has helped the Port leadership successfully navigate through the great economic storms of our times, and his record of accomplishments speaks for itself."

DeAngelis earned a Bachelor of Business Administration degree in Accounting from Temple University and became a Certified Public Accountant (CPA).

"I'm looking forward to joining the executive leadership team of the Port of San Diego and continuing the disciplined and innovative leadership that Jeff McEntee has demonstrated for the last 25 years," said DeAngelis. "This is a unique opportunity to work for a public-service agency that serves as an economic engine for the San Diego region and enhances the surrounding communities in so many essential ways."

McEntee joined the Port in 1988, and prior to becoming the CFO/Treasurer, was the Director of Audit, Risk Management & Safety and the Senior Director, Business & Financial Services. He has supported efforts to grow the Port's cargo and cruise businesses, and to enhance long-term revenues by implementing the Chula Vista Bayfront Master Plan and facilitating the Convention Center Phase III Expansion. He said that he is proud of the Port's ability to maintain consistent fiscal discipline through the commitment of its Board and executive leadership. He leaves the Port with low debt levels, and credit ratings of "A+" from both Fitch and Standard & Poors – signs of the organization's fiscal health and strong financial foundation.

"Today, the Port is more focused than ever on long-term financial sustainability and organizational success," McEntee said. "Looking ahead, I am confident that Bob DeAngelis will be a strong advocate for fiscal discipline while supporting the need to develop and fund innovative business strategies designed to make this a thriving Port now and in the years to come."

DeAngelis took the oath of office at the regular Board of Port Commissioners meeting on Tuesday, April 9, 2013.

About the Port:

The Port of San Diego is the fourth largest of the 11 ports in California. It was created by the state legislature in 1962. Since then, it has invested millions of dollars in public improvements in its five member cities – Chula Vista, Coronado, Imperial Beach, National City and San Diego.

The port oversees two maritime cargo terminals, two cruise ship terminals, 18 public parks, the Harbor Police Department and the leases of more than 600 tenant and sub tenant businesses around San Diego Bay.

The Port of San Diego is an economic engine, an environmental steward of San Diego Bay and the surrounding tidelands, and a provider of community services and public safety.