Airport holding co. instructed to appoint Dutch CFO ASAP | THE DAILY HERALD

Gerben Stavast

PHILIPSBURG–Prime Minister Leona Romeo-Marlin is one step closer to receiving the much-needed funds from the Dutch government-financed Trust Fund and the European Investment Bank (EIB) financing proposal to the tune of US $100 million for the rebuilding of Princess Juliana International Airport (PJIA).

The Daily Herald understands that the Council of Ministers instructed the airport holding company to appoint Schiphol’s candidate for chief financial officer (CFO)
Gerben Stavast for the vacant position at PJIA. Stavast will be appointed for a period of two years through the Royal Schiphol Group.
Simultaneously, PJIA will start searching for and hire a permanent CFO in accordance with the established procedures under the articles of incorporation of its holding company Princess Juliana International Airport Holding (PJIAH) and PJIA, and in accordance with the reviewed profile evaluation.
The selected candidate for the permanent CFO position will serve as a local counterpart to the interim CFO and will take over his responsibilities after two years. The appointment of the interim CFO will have to take place in accordance with the articles of incorporation of PJIAH and PJIA, and the person will have to be screened. The local counterpart has not yet been selected by the airport.
The instruction was sent to the airport holding company last week with the intention of speeding up the process of receiving the grant for the reconstruction of the terminal.

Source: The Daily Herald