McCord’s official title will be “Chief Transformation Officer,” a position approved by the MTA board in July as a part of a larger reorganization plan mandated by Gov. Cuomo and the Legislature.
McCord, a francophone, will be tasked with consolidating the MTA’s redundant administrative offices like the agency’s seven human resource departments, seven legal offices, seven finance divisions.
He’ll also work to centralize the MTA’s various engineering departments, a move that transit officials believe will help them better execute the agency’s $51.5 billion capital plan.
Part of McCord’s work will be to reduce jobs — possibly as many as 2,700. According to MTA consulting firm AlixPartners, the reductions could save the agency up to $530 million a year.
McCord will start in mid-December. In July, the MTA had said it would likely begin headcount reductions in December as part of a plan put together by AlixPartners and approved by the MTA board. On Wednesday, an agency spokeswoman said that timeline has since changed and no reductions are planned for next month.
It’s unclear how long McCord will stay at the agency. AlixPartners managing director Foster Finley said at the July board meeting that the Chief Transformation Officer was meant to be an “ephemeral role.”
The new executive will report to the MTA board, who must approve his hire at a meeting on Thursday. He’ll make a hefty salary of $325,000 per year.
McCord said in a statement that he looks forward to “getting to work so that we can focus on delivering improved service for our 2.5 billion annual riders.”
The Canadian consolidator has held high level roles at private utility company Veolia and engineering firm Bouygues Energies & Services.
He’s one of several big hires the MTA is planning this fall. The agency also looks to fill several new executive positions like Chief Operating Officer, Chief Technology Officer and Chief Accessibility Officer.
A shake-up at the MTA has been in the works since at least the start of the year when Cuomo said he intended to “blow up the MTA.”
When the governor and state lawmakers in April passed congestion pricing — which will toll cars in Manhattan and will help fund the MTA’s capital plan — the legislation also came with a requirement that the agency complete an audit and produce a reorganization plan.
Cuomo in July said the reorganization plan is “conceptually right” and that his office would check in on its progress in January.