Maloney presses on timeline for filling permanent EDC president

I appreciate hearing about everything you've been doing, and especially over the past couple of months as the interim president, but wanted to at least touch on the fact that we don't have a permanent president in EDC.

In December last year, the former CEO and President Kimball announced he was going to be departing.

We're now almost at June, six months, and I'm wondering, I know I have full confidence in

the abilities of the acting leadership, but as we're talking about long-term economic growth, how are you to plan for those multi-year conversations without the formal authority of being deemed the president?

Yeah, thank you.

We appreciate that question.

Yes, it's been a few months now, and it's really been a privilege of a lifetime.

I did not expect to serve this role, and it's been a tremendous experience.

I've had a real, it's been a real pleasure, and it's been a great experience for me to work with all the EDC teams.

As you know, it's an incredibly talented group of individuals that have such enormous specialties in such a diverse number of areas.

I've also really been able to work closely with Deputy Mayor Julie Hsu and her team as well as the mayor.

And so we really have not stopped.

We have completely moved forward, not only in the sort of our everyday work of managing 224 assets and 60 million square feet and all of the programs that we do have in terms of innovation industries and workforce development

and our whole capital team, NYC Ferries.

I mean, I could go on and on and on.

The economic monthly snapshot.

But we have also done a tremendous amount for the mayor's new initiatives, such as the modular bathrooms and NYC groceries, which is an incredible, incredible initiative that really has...

Pulled together everything great about EDC, between real estate transactions to strategy to asset management.

And yeah, so we haven't stopped.

We continue to move forward and we continue to, and ultimately the president is the mayor's decision.

And so we look forward to his decision.

Have you received a timeline or an update on where we are with filling the vacant role?

No.

It's all business.

We just do business.

And how regularly are you receiving direction from Deputy Mayor Hsu or from the administration?

Oh, we work very closely with Deputy Mayor Hsu.

We're constantly working with her multiple times a week.

We have meetings and ongoing conversations.

And then the mayor has also been very involved in the NYC Grocery Source Initiative, so we work with him directly as well.

Do you have any sense of the cause for delays?

No.

And is it impacting day-to-day morale at all in EDC's offices?

No, I think, again, it's an incredibly special group of people that are really committed to the mission of what they're doing.

And so everyone's staying focused and really trying to move.

In fact, everyone's so passionate about what they're working on that they just continue moving forward at the speed that they have normally done.

Well, we're all eager to see this position filled, but you also seem great.

So I want to move on to.