The Commonwealth Utilities Corp. has hired Greg Cruz, a former Guam Waterworks Authority\u2019s chief financial officer, as CUC\u2019s new CFO. <\/p>\n
CUC executive director Gary P. Camacho disclosed yesterday that Cruz started work Monday as CUC\u2019s CFO, a position that has been vacant since October 2018.<\/p>\n
CUC reportedly did not renew Antonio Castro\u2019s contract as CFO. Corina Magofna served as acting CFO after Castro\u2019s term.<\/p>\n
Camacho cited Cruz\u2019s extensive utility background at Guam Waterworks Authority as CFO, saying they are happy to have him on board. <\/p>\n
\u201cWe talked for quite some time and we feel that he\u2019s a good fit for the program and understand our financial side, what we need to do,\u201d Camacho said. <\/p>\n
The executive director said Cruz was vetted by U.S. Environmental Protection Agency, which approved his selection for the position.<\/p>\n
Cruz was one of 10 persons who applied for the position.<\/p>\n
Camacho said it is very important that they get someone like Cruz, who has a utility financial background.<\/p>\n
He said that CUC believes that, with Cruz, they can do better with forecasting their funding requirements over the next five years and understanding rate structures a bit more.<\/p>\n
He said they have had several candidates since the previous CFO vacated the position. \u201cHowever, we believe that [Cruz] is the best fit to the job,\u201d said Camacho, adding that they should now be able to get things moving forward. \u201cWe\u2019re very excited to have him.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"
The Commonwealth Utilities Corp. has hired Greg Cruz, a former Guam Waterworks Authority\u2019s chief financial…<\/p>\n","protected":false},"author":23,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[87,49],"class_list":["post-298108","post","type-post","status-publish","format-standard","hentry","category-local-news","tag-cfo","tag-cuc"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/298108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=298108"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/298108\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=298108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=298108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=298108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}