FAA names chief financial officer
- By Mary Mosquera
- Mar 26, 2004
The Federal Aviation Administration today named Ramesh Punwani to be its chief financial officer, a new position for the agency. Punwani will oversee the FAA's $14 billion budget as well as the development of agencywide cost accounting and financial management systems.
Punwani joins the agency from Cendant Corp. of New York, where he was senior vice president for global strategy.
'We needed someone who could balance a $14 billion checkbook, and we found him,' said FAA Administrator Marion Blakey. Punwani has financial, management and technical experience. He knows budgets and aviation, Blakey said.
Punwani's background in aviation and the travel industry spans more than three decades and includes CFO and vice president positions at Pan American World Airways, Tower Air and Trans World Airlines. Prior to his stint at Cendant, Punwani was executive vice president and CFO of Travelocity.com, an Internet travel company. He was vice president of tour and cruise relations and director of business development for American Express before joining Travelocity.com.
Punwani received a master of business administration degree from New York University and a master of engineering in management science from Cornell University. He also holds a bachelor's degree in industrial engineering from the Indian Institute of Technology in Mumbai, India.
Mary Mosquera is a reporter for Federal Computer Week.