FLORHAM PARK, NJ-After nine years as chief financial officer with the Port Authority of New York & New Jersey, Charles F. McClafferty will serve in the same position with locally based Kushner Cos. starting June 28.Kushner chairman Charles Kushner appointed McClafferty, who is wrapping up a 33-year career with bi-state agency. “McClafferty’s long and outstanding record of achievement at the Port demonstrates his exceptional ability to succeed and work effectively in a large and complex organization,” Kushner explains in a release.McClafferty’s legacy at the Port Authority includes restoring critical business systems to full operation within one week of the Sept. 11, 2001 terrorists attack at the World Trade Center in New York City. He is also credited with initiating a series of ongoing briefings for the ratings agencies and investors regarding the financial impact of the terrorist attacks on the Port Authority; maintaining the agency’s credit ratings and access to the credit markets; establishing a dedicated team to maximize cash flow from insurance and federal sources resulting in approximately $1.5 billion received to date; and working as a member of the executive team that restored business operations and established new operating and capital priorities for the agency.McClafferty joined the Port Authority in 1971, working primarily in accounting, budget and finance. He was promoted to manager/financial accounting/assistant controller in 1986 and was named director of the Audit Department in 1994. McClafferty became CFO in 1995.McClafferty earned a bachelor of arts degree, summa cum laude from Adelphi University. He is a member of the Financial Executives International, Institute of Internal Auditors, Institute of Management Accountants and is a certified management accountant.

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