JaxPort named former banker Beth McCague as interim chief financial officer effective May 7.
McCague has been serving as an adviser to JaxPort’s CEO and finance group. She will assume responsibility for the port’s budget and accounting, treasury, payroll, procurement, economic forecasting-planning and external auditing functions.
A JaxPort news release said she also will oversee JaxPort’s $600 million capital program and will be the primary liaison with bondholders, lenders and credit rating agencies.
Before joining JaxPort, McCague managed the $1.6 billion Jacksonville Police & Fire Pension Fund through a transition in leadership, stabilizing and modernizing the organization, the release said.
She serves on the board of Ameris Bancorp and has served in high-level positions with major banking and investment firms, including 32 years with Wachovia Bank.
McCague is a member of the UF Health Jacksonville board of directors and chairs its finance committee.
She is a past chair of the University of Florida Foundation and co-chaired the $1.5 billion University of Florida capital campaign.
Previously, she served as a gubernatorial appointee to the Florida State Board of Administration, overseeing that board’s $142 billion investment portfolio.
“The financial health of our organization is a vital part of our ongoing stability and success,” said JaxPort CEO Eric Green in the release.
“Beth has already proven to be a skilled adviser to our leadership team and her considerable experience will be invaluable during this time of unprecedented port business growth and investment,” he said.