MTA boss Jay Walder will be leaving the MTA as of October 21st to become the COE of the MTR Coproration of Honk Kong. MTR is a publicly traded company that runs rail lines in Asia and Europe, as well as consulting and property management.
Walder became the head of the MTA back in late 2009, as revenues began to decrease. Layoffs, service cuts, and fare hikes then went into effect, and some MTA board members were not reappointed by Governor Andrew Cuomo.
There has been no announcement as to just who will take over as MTA boss when Walder leaves.
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