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Port of VA exec announces retirement
Updated: Wednesday, 16 Jan 2013, 6:51 PM EST
Published : Tuesday, 15 Jan 2013, 8:08 PM EST
NORFOLK, Va. (WAVY) - After 34 years with the Virginia Port Authority, Virginia International Terminals CEO Joe Dorto announced his retirement from the company Tuesday.
Dorto began working for the port authority in 1979 as director of trade development, moved to VIT nine years later and was eventually named CEO.
Dorto negotiated contracts with international steamship lines, and was "instrumental in getting 95 percent of the steamship lines calling the port signed to long-term, 10-year contracts," according to a news release from the Port of Virginia.
In an interview with 10 On Your Side Wednesday, Dorto predicted the port would grow by six percent in 2013.
"In this competitive market, if we could grow by six percent, we will more than meet the needs of our capital and we will be on our way to having a very successful future," Dorto said. "And it also means that we're well positioned in all the markets of the world. We've got great services to South America, to Europe, to the Far East. Those are our three big markets."
Dorto's last day with the company will be March 31.
"He has delayed this announcement a few times because he wanted to see the port through the change of command at VPA, through to the end of very successful 2012 and through the threat of the strike by labor," chairwoman of the VIT Board of Directors Charlotte Herndon said. "We're sad to see him go, but glad he is finally able to do so: this decision is his and no one else's and that is very important from my perspective."
The news comes just a couple of weeks after a deal temporarily avoiding a strike of more than 14,000 longshoremen at the Port of Virginia and other ports along the East Coast was reached. The temporary deal runs out at the end of January.
Later this month, Joseph P. Ruddy will be voted on as Dorto's successor.
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