Cargo Business Newswire

Tuesday, February 4, 2014

CEO of Port of Houston Authority steps down abruptly

Leonard Waterworth unexpectedly announced Friday, during a port commission meeting, that he would step down immediately from his role as CEO of the Port of Houston Authority, saying he wants to "find a better balance" between work and his personal life.

The commission named Roger Guenther, deputy executive director of operations, as Waterworth's permanent replacement.

Waterworth, former head of the Galveston district of the Army Corps of Engineers, was named executive director in April 2012 after serving a short term as interim CEO. Previously, he was president and CEO of Dannenbaum Engineering.

In his letter of resignation, Waterworth cites several accomplishments as CEO, including increased profitability and preparation for larger container ships from the expansion of the Panama Canal.

"I could not be more proud of the accomplishments achieved due to the hard work of the staff and I am thankful that I have had the opportunity to lead this great institution," Waterworth wrote. "For the last two years, my entire focus has been on the Port Authority, the Port of Houston, and the community we serve, but it is now time to find a better balance between family, friends and future opportunities."

For more of the Houston Business Journal story: bizjournals.com