Port of Los Angeles appoints new CFO

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The Port of Los Angeles has appointed Jeffrey Strafford as its new chief financial officer.

The Port of Los Angeles has appointed Jeffrey Strafford as its new Chief Financial Officer (CFO).

A financial manager and long-time City of Los Angeles employee, Strafford will oversee a wide range of the port’s financial affairs, including the port’s Accounting, Debt and Financial Analysis, and Financial Planning and Analysis divisions.

Before assuming the interim CFO role last spring, Strafford served as the port’s Director of Financial Planning & Analysis, overseeing professional staff across the division’s two sections: Financial Analysis and Budget.

His duties included administering the port’s $2.6 billion budget, improving fiscal systems, and overseeing forecasting, resource allocation and revenue optimisation, among other financial processes at the nation’s busiest trade gateway.

Before that, he was successively promoted to the port’s budget manager, a position responsible for formulating and implementing the port’s annual adopted budget. Before joining the port in 2011, Strafford served as the purchasing manager for the City of Los Angeles Department of Recreation and Parks, and as a tax compliance officer for the City of Los Angeles Office of Finance.

Strafford earned his bachelor’s degree in business management economics, with a minor in legal studies, from the University of California, Santa Cruz.

READ: Harnessing Data for the Future: The Port of Los Angeles’ Vision

“Jeff brings nearly three decades and an incredible resumé of work to this executive position, one that plays a key role in managing the Port’s financial performance and strategic direction,” said Deputy Executive Director of Finance and Administration Erica M. Calhoun.

“His strong work ethic, proven track record of excellence and outstanding leadership qualities make him the perfect choice for our new CFO. It’s a well-deserved promotion.”

Late last year, UCLA and the Port of Los Angeles signed a Memorandum of Understanding (MoU) to collaborate on sustainable operations and the health and well-being of local communities at the South Bay Summit.

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