PJIA’s former CFO Ravi Daryanani.
AIRPORT–Princess Juliana International Airport (PJIA) has been without a Chief Financial Officer (CFO) since February 1. Recently appointed CFO Ravi Daryanani put in his resignation days before February 1 and informed the management and supervisory board that he would be leaving the island to take up another post.
Reports suggest that Daryanani works for the Ministry of Finance in Curaçao.
With the loss of Daryanani, Chief Executive Officer (CEO) Brian Mingo is acting CFO and suggested earlier this week hiring an experienced financial expert from Netherlands airport Schiphol to run the airport’s finances.
The Daily Herald understands that the US $5 million provided to the airport by government recently has been almost spent and the continued operation of PJIA is once again being threatened by depletion of funds.
CEO Brian Mingo said on Thursday that he is optimistic that PJIA and its managing board will maintain the operation of the airport and looks forward to the supervisory board hiring a new CFO as soon as possible. He added that the Dutch aid would come in handy for the airport at this time.
The Netherlands has offered the St. Maarten government $100 million to invest in the airport, which was heavily damaged by Hurricane Irma. Half of the amount would come as a low-interest loan from the European Investment Bank and the other half as a grant from the Trust Fund funded by the Dutch government and managed by the World Bank.
Daryanani was a former head of the Finance Department of the Ministry of Finance, and signed a five-year contract in October 2017.
Most staff members of PJIA were shocked to find out that the recently appointed CFO is now gone.
Source: The Daily Herald https://www.thedailyherald.sx/islands/85234-daryanani-quits-as-airport-cfo
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