💧 Water and Power · U.S. Virgin Islands
WAPA board approved credit extensions and CEO search firm at emergency meeting
Official document: http://www.viwapa.vi/docs/default-source/default-document-library/04232021-governing-board-approves-financial-matters-at-emergency-meeting.pdf?sfvrsn=f637bb5c_2
The Virgin Islands Water and Power Authority’s governing board voted unanimously at an emergency meeting on April 23, 2021, to extend the utility’s lines of credit and a standby credit facility for three months.
WAPA said the extension was intended to allow the authority to complete its fiscal year 2019 audit and have it reviewed by its bank.
The board also approved an additional authorized signatory for payments.
In executive session, board members engaged Russell Reynolds Associates to lead the recruitment process for WAPA’s next chief executive officer.
WAPA said the members in attendance were Chairman Anthony D. Thomas, Vice Chairman Jed JohnHope, Secretary Juanita Young, and directors Kyle Fleming, Joel Lee, Hubert Turnbull, Cheryl Boynes Jackson and Elizabeth Armstrong.