The S.C. State Ports Authority’s CFO, Peter Hughes, plans to retire at the end of fiscal year 2017 after 34 years with the maritime agency, according to a news release.
The ports authority board approved Stan Van Ostran, former vice president and CFO of Metropolitan Nashville Airport Authority, as Hughes’ replacement. Van Ostran will join the port May 1 and assume the CFO role on July 1.
Hughes became CFO in 1996 and a senior vice president in 2010. He handles all the port’s financial, procurement, risk management, real estate and administrative functions.
Hughes will continue to work for the port as a consultant, focusing on the agency’s new office construction in Mount Pleasant, the sale of non-terminal-related real estate and the completion of the fiscal 2017 financial goals, according to the news release.
“Peter’s contributions to SCPA during his long career here, and particularly on our senior management team, are too numerous to name,” Ports Authority President and CEO Jim Newsome said in the release. “His considerable knowledge, competence, integrity and logical thinking have been a great asset.”
Van Ostran is an attorney and CPA with 35 years of experience. While working at the Nashville airport, he managed a $120 million budget and directed more than $1.5 billion in bond issues. He served as the comptroller for the Oklahoma Lottery Commission for three years prior his work at the airport.