Seattle Port CEO Tay Yoshitani Will Retire This Year

Marc Stiles, January 7, 2014, Puget Sound Business Journal

Tay Yoshitani, the Port of Seattle’s CEO since 2007, said Tuesday that he will retire this year.

The move leaves port commissioners to fill one of the region’s most important economic development positions. The port operates both the seaport and Seattle-Tacoma International Airport. Together they support nearly 200,000 jobs with a payroll of more than $6.8 billion.

The employment contract of the 67-year-old Yoshitani is up on June 30, port spokesman Peter McGraw said.

Yoshitani’s current annual salary is $367,000 a year. In addition, he is paid $230,000 a year to serve on the board of freight logistics company Expeditors International Inc., based in Seattle.

Port Commissioner Tom Albro said the commission has started the process to find Yoshitani’s replacement. It will be an international search, though the commission will consider local candidates, including people who already work at the port.

Yoshitani said during Tuesday’s commission meeting that he will be retiring. Earlier, at an August 2012 commission meeting, he had said he would be stepping down in 2014.

“I’m not going to give my exit speech yet because I’m going to be here for another six months and I look forward to using those six months to work closely with the Commission to address the strategic issues (we) have talked about,” he said.

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