By Gerardo R. Partido
Variety News Staff

ANDREAS Jordanou, the administrator for the Guam Economic Development and Commerce Authority, has resigned from the Camacho Cabinet.
Jordanou, who joined the administration in 2005, will be staying on at GEDCA until March 9 when Gov. Felix P. Camacho is expected to name his successor.
According to Jordanou, he has not chosen anybody to replace him and will leave it up to the governor to name the new head of GEDCA.
Jordanou, who was also the administration’s chief financial advisor, is leaving just as the governor announced plans to launch his fiscal recovery and deficit elimination plan in his State of the Island Address last week.
The governor had ordered GEDCA to come up with a specific document outlining the measures in the fiscal recovery and deficit elimination plan.
Last Friday, acting Gov. Michael W. Cruz released the executive order containing strict cost control measures throughout the executive branch aimed at curbing government spending, and requiring all contracts, travel requests, personnel issues, and overtime requests to pass through the Bureau of Budget Management and Research.
According to Jordanou, he has no ill will toward the administration and is simply resigning to rejoin the private sector where he was a prominent banker with the Bank of Hawaii.
He said he has long wanted to rejoin the private sector, adding that he is leaving GEDCA confident that the agency’s officers can carry on the work that needs to be done.
Jordanou will still be available to consult with the administration, adding that for the deficit elimination plan to work, a strong sense of collaboration among the various government agencies must be established.
While at GEDCA, Jordanou worked to diversify Guam’s economy and lessen its reliance on tourism and military revenues.
Among the alternative industries proposed by GEDCA for Guam are cargo transshipment, cargo consolidation, and the newly developed arbitration industry.