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Panama Canal Authority chairman resigns

Panama Canal Authority chairman resigns

Ricaurte V'squez, one of the main architects of the Panama Canal expansion project, has resigned as chairman of the Panama Canal Authority (ACP), and as the country's minister for canal affairs to “pursue opportunities in the private sector.”

   V'squez served on the ACP board for more than 10 years in a variety of roles including deputy administrator from 2000 to 2004 and as its first ever chief financial officer from 1996 to 2002.

   The ACP has appointed General Comptroller Dani Kuzniecky, who is also a partner at local law firm Kuzniecky & Levy Co., to replace V'squez.

   The day-to-day executive in charge of the ACP is Alberto Alem'n Zubieta, canal administrator and chief executive officer.