Los Angeles port appoints Karl Pan as CFO
The Port of Los Angeles has appointed Karl Pan, former chief financial officer for the city's major airports, as the port's new CFO.
In his new role, Pan will supervise nearly 60 employees in the port's Accounting and Budget, Financial Management, Debt Management, Risk Management and Internal Management Audit divisions. Pan's chief responsibilities as CFO will include oversight and development of the port's annual budget, conducting audits into port operations, and assuring the maintenance of the port's ratings with credit agencies.
A 30-year veteran of the domestic and international finance industry, Pan began working for the City of Los Angeles in 2004 as a financial manager with Los Angeles World Airports, a semi-autonomous city agency that manages the city's four major airports including Los Angeles International Airport. In April 2006, Pan was appointed as CFO for LAWA.
Prior to joining LAWA, Pan served as executive vice president of the Bank of Hawaii and in positions with Chemical Bank in New York and the Bank of China in Los Angeles.