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Article By: MAREX
JAXPORT has named experienced financial executive Beth McCague as Interim Chief Financial Officer, effective May 7, 2018. McCague, who has been serving as an advisor to JAXPORT’s CEO and finance group, will assume responsibility for the port’s budget and accounting, treasury, payroll, procurement, economic forecasting/planning, and external auditing functions. She will also oversee JAXPORT’s $600 million capital program and will be JAXPORT’s primary liaison with bondholders, lenders and credit rating agencies.Prior to joining JAXPORT, McCague managed the $1.6 billion Jacksonville Police & Fire Pension Fund through a transition in leadership, stabilizing and modernizing the organization. She is a current corporate board member of Ameris Bancorp and has served in many high level positions with major banking and investment firms.
McCague is a member of the UF Health Jacksonville Board of Directors, and is currently finance committee chairperson. She is also 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. “Beth has already proven to be a skilled advisor to our leadership team and her considerable experience will be invaluable during this time of unprecedented port business growth and investment.”