Jay Walder

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Jay Walder
Walder speaks with News 12 regarding the Port Jervis Line after Hurricane Irene
CEO of the MTR Corporation
In office
1 January 2012 – 15 August 2014
ChairmanRaymond Chien
Preceded byChow Chung-kong
Succeeded byLincoln Leong
10th Chairman & CEO of the
Metropolitan Transportation Authority
In office
October 5, 2009 – October 21, 2011[1]
GovernorDavid Paterson
Andrew Cuomo
Preceded byH. Dale Hemmerdinger (as Chairman)
Helena E. Williams (as Interim CEO)[2]
Elliot G. Sander (as CEO)
Succeeded byJoseph J. Lhota
Personal details
Born1959 (age 64–65)
Indianapolis, Indiana
ResidenceNew York City
Alma materBinghamton University
Harvard University

Jay Walder was the CEO of Hyperloop One, an American transportation technology company.[3] He has been the CEO of Motivate, a bike sharing company,[4] and of the Hong Kong transit company MTR Corporation (MTRC), before resigning from that position in July 2014.[5]

Before joining MTRC, Walder was the chairman and chief executive officer of the Metropolitan Transportation Authority in the New York metropolitan area, the largest transit agency in the United States.[6]

Prior to his service at the MTA, Walder was the managing director for finance and planning at Transport for London until 2007, and is credited with the introduction of the Oyster card[6] and with drafting London's successful bid for the 2012 Summer Olympics.[7]

Biography[edit]

Walder greets Hurricane Irene evacuees at the Far Rockaway – Mott Avenue subway station

Walder was born in Indianapolis and grew up in the Rockaways in the New York City borough of Queens, where he attended Beach Channel High School.[6][8] He attended Harpur College at Binghamton University, and received a Masters in Public Policy from the John F. Kennedy School of Government at Harvard University.[7]

Career[edit]

Walder worked for the MTA from 1983 to 1995 holding several leadership positions, including chief financial officer.[9] He was a lecturer in public policy at John F. Kennedy School of Government at Harvard from 1995 to 2000, during which time he spent a year as a visiting lecturer at the National University of Singapore.[10] From 2001 to 2007 he was managing director for finance and planning at Transport for London.[9] He was a partner at McKinsey & Company London from 2007 to 2009.[11] In 2009, New York State Gov. David Paterson appointed Walder chairman and CEO, after firing Elliot G. Sander, of the MTA (the positions of chairman and CEO of the authority had recently merged when the appointment was made).[9][12]

On July 11, 2011, Walder announced his resignation from MTA, effective in October 2011, when he moved to MTR Corporation (MTRC) in Hong Kong.[13] He left on October 21, 2011.[14] He officially took over as CEO of MTRC on January 1, 2012. Walder announced he would step down from the position as MTR CEO in July 2014.[15] Christopher O. Ward was also ousted by Cuomo at the same time, removing Paterson appointee's.

In October 2014, Walder was named CEO of Motivate,[16] the company that runs some bike share systems in North America. His appointment came with Motivate's announcement of the Bikeshare Holdings acquisition, promising new leadership, $30 million infusion of cash, relocation of headquarters from Portland to NY, and immediate expansion for Citi Bike.[17] In January 2015, Alta Bike Share changed its name to Motivate.[18]

Advisory boards[edit]

Walder is a member of MIT's visiting committee for the Department of Civil and Environmental Engineering[19] and Harvard Kennedy School's Board of Advisors of the Taubman Center.[20] In 2013, Walder gave the Gustav Pollak lecture in the John F. Kennedy Jr. Forum at Harvard, titled "From Queens to Hong Kong: More than Just a Train Ride".[21] He was a Fellow of the Hong Kong Management Association,[22] member of the General Committee of the Employers' Federation of Hong Kong, and a governor of the American Chamber of Commerce in Hong Kong.[23] Walder served on International Association of Public Transport (UITP)'s Executive Board, the American Public Transit Association (APTA)'s Executive Committee,[24] and the Eno Transportation Foundation's board of advisors.[25]

High-speed rail delays[edit]

In April 2014, at the Hong Kong transit company MTR Corporation, local newspapers revealed a two-year delay to the high-speed cross-border rail link.[26] MTR Corp officials led by Walder were accused of concealing the progress of the project.[27][28] Walder had been facing calls to quit after a report submitted to the legislative council said he had stopped the secretary for transport and housing from telling lawmakers about the delay. At the time it was also confirmed that Walder would not be given a new contract when it was due to expire in August 2015.[29]

References[edit]

  1. ^ Metropolitan Transportation Authority. "Past MTA Board Chairs". Retrieved February 21, 2020.
  2. ^ Neuman, William (May 21, 2009). "Interim Chief Executive of M.T.A. Is Named". The New York Times. Retrieved March 21, 2023.
  3. ^ "Virgin Hyperloop One has hired on one of the world's most experienced transit executives as its new CEO". Graham Rapier, Business Insider US. Archived from the original on November 9, 2018.
  4. ^ Chabán, Matt V. (October 28, 2014). "New Leader Will Drive Expansion of Citi Bike". The New York Times.
  5. ^ Newman, Andy (July 21, 2011). "Jay Walder, MTA Chief, Resigns Suddenly". The New York Times. Retrieved July 21, 2011.
  6. ^ a b c Grynbaum, Michael M. (July 15, 2009). "Man Who Lifted London Transit Picked for M.T.A." The New York Times. Retrieved July 15, 2009.
  7. ^ a b "Walder Confirmed as MTA Board Chair and CEO". www.pcac.org. September 14, 2009.
  8. ^ Donohue, Pete (July 15, 2009). "Incoming MTA chairman Jay Walder: Commuters will be top priority". Daily News. Retrieved July 15, 2009.
  9. ^ a b c Grynbaum, Michael M. (July 15, 2009). "Jay Walder, a Force in London Transits Rise, Is Picked to Lead M.T.A." The New York Times. Retrieved March 20, 2018.
  10. ^ "FD interview – A fare Job – CCH Daily". www.accountancylive.com.
  11. ^ "Rail News - Walder takes helm as New York MTA's CEO; APTA elects exec committee heads. For Railroad Career Professionals".
  12. ^ "Jay Walder Nominated To Be New MTA Chief By Gov. Paterson". Huffington Post. July 15, 2009. Retrieved July 15, 2009.
  13. ^ Chen, David W.; Haughney, Christine (July 21, 2011). "M.T.A. Chief, Jay H. Walder, to Leave for Hong Kong Job". The New York Times.
  14. ^ "Head of MTA announces resignation". WABC. July 21, 2011. Retrieved July 21, 2011.
  15. ^ Ng, Jeffrey; Brown, Ken (July 16, 2014). "Rail Operator MTR's CEO Stepping Down Year Before Contract Expires". Wall Street Journal – via online.wsj.com.
  16. ^ Chaban, Matt A. V. (October 28, 2014). "New Leader Will Drive Expansion of Citi Bike". The New York Times. Retrieved May 6, 2018.
  17. ^ "Citi Bike's new leadership: 'We will overhaul every bike'".
  18. ^ Matthews, Karen (January 14, 2015). "Motivated to Ride a Bike? Bike-Share Company Changes Name". abcnews.go.com. ABC News. Associated Press. Archived from the original on January 15, 2015. Retrieved May 6, 2018.
  19. ^ "Home – The MIT Corporation". web.mit.edu.
  20. ^ "Jay Walder | Transforming Urban Transport (TUT)". Archived from the original on November 3, 2014. Retrieved November 3, 2014.
  21. ^ "Jay Walder | forum.iop.harvard.edu". Archived from the original on November 3, 2014. Retrieved November 3, 2014.
  22. ^ "Hong Kong Management Association". www.hkma.org.hk.
  23. ^ "Board of Governors - AmCham HK". www.amcham.org.hk. Archived from the original on September 13, 2013.
  24. ^ "Passenger Transport – February 25, 2011". newsmanager.commpartners.com.
  25. ^ "Eno Foundation Selects Transportation Professionals to Serve on Executive BoardsThe Eno Center for Transportation". Archived from the original on November 3, 2014. Retrieved November 3, 2014.
  26. ^ "MTR could face bill for a two-year delay to high-speed cross-border rail link". May 5, 2014.
  27. ^ "Lawmakers blast MTR Corp officials overexpress rail line's delay". April 16, 2014.
  28. ^ "Rail link farce as head of the inquiry into MTR high-speed train delay quits". May 2, 2014.
  29. ^ "MTR chief executive will not be given new contract in 2015, says chairman". Retrieved August 14, 2014.

Further reading[edit]

Political offices
Preceded by Chairman & CEO of the MTA
2009-2011 		Succeeded by
Business positions
Preceded by Chief Executive Officer of the MTR Corporation Limited
2012–2014 		Succeeded by
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