TAMPA — Port Tampa Bay has hired Stephen Fry as vice president of finance, a new position created to oversee the port's financial records and reporting requirements.
Fry, whose salary is $130,000 a year, also will develop, monitor and manage the port's annual operating and capital budgets, debt and investment portfolios, grants and risk management program.
Those responsibilities are currently assigned to the port official who spearheaded the search for and managed Fry's hiring, chief financial officer Mike Macaluso. He recently surprised port officials with the news he plans to retire April 6.
Fry's arrival and Macaluso's retirement will entail some re-organization on the port's management team. That's because Macaluso, in addition to overseeing the port's finances, also supervises four other departments: human resources, legal, procurement and information technology.
"They felt strongly a long time ago that they wanted extra firepower in handling the day-to-day operations in finance," port spokeswoman Samara Sodos said Tuesday. She said port CEO Paul Anderson started planning to hire a vice president for finance about two years ago — so before last year, when the port came in for some uncomfortable scrutiny over its executives' restaurant and entertainment spending — but held off because of budget constraints.
Fry, 47, previously worked as director of finance at three private equity consumer companies, most recently at Plano Synergy.
A Marine Corps veteran, Fry has a bachelor's degree in accounting from the University of Michigan-Dearborn and a master's in business administration from Eastern Michigan University. His resume includes more than 15 years of finance and accounting experience in the auto, consumer and engineering industries, plus several years of experience as a certified public accountant and an operations and project manager.
Macaluso, 63, has worked for the port since April 1998. Before then, he was controller of the New York Yankees' player development and scouting department and later chief financial officer for the Yankees' organization. He also worked in a variety of management roles in the finance operation at GTE.
"Mike is not only a well-respected leader here, he is truly beloved by the staff," Anderson said in a statement Tuesday. "After his 20 years of service, he will be deeply missed."
Contact Richard Danielson at email@example.com or (813) 226-3403. Follow @Danielson_Times