MSG Exec to Head New York City MTA

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New York Gov. Andrew Cuomo has tapped Madison Square Garden Co. executive Joseph Lhota as chairman and CEO of the New York City Metropolitan Transportation Authority.
In a statement, Gov. Cuomo said Lhota "brings one-of-a-kind managerial, government, and private sector experience to the job and a lifelong commitment to public service that will benefit all straphangers. I look forward to working together as we continue to reform the MTA, reduce costs, and improve service for New Yorkers. I thank the members of the MTA Search Advisory Committee for their diligent work and thorough review."
Lhota served as the New York City Deputy Mayor for Operations under Mayor Rudolph Giuliani, where he oversaw day-to-day management of the City and supervised City agencies. He also served as Budget Director, where he managed the City's $36 billion operating budget and $45 billion capital budget. He also served as the Commissioner of Finance for New York City and has been a Board Member of the MTA.
"Throughout my career in both the public and private sectors, I have initiated reforms that are performance-based and that cut costs, and I look forward to bringing this same approach to the MTA," Lhota said in a statement accepting the nomination. "I thank Governor Cuomo for this exciting opportunity to serve the people of New York."
Lhota's appointment is subject to state Senate confirmation but several reports said he is expected to join the agency as interim CEO within one month.
Lhota joined Cablevision Systems in 2002 as president of its Lightpath division and was promoted to executive vice president corporate administration in 2005. In 2010 he was named executive vice president of administration at Madison Square Garden Co., which includes the sports arena, professional sports teams, MSG Networks, Radio City Music Hall and the Beacon and Chicago Theaters. MSG was spun off from Cablevision as a separate company in February 2010.
The MTA is the largest public transportation system in the country, serving 12 counties in southeastern New York and two counties in Connecticut. The MTA carries more than 11 million passengers on an average weekday system wide and over 800,000 vehicles on its seven toll bridges and two tunnels per weekday.