CUC has new chief financial officer

“One of the things that I enjoy doing is going into situations that are difficult and making them better,” he told Variety.

Before he came to Saipan, Warren served as chief financial officer of group of companies in American Samoa.

He is still the chairman of the hospital authority there.

His expertise is in financial enhancement, a profession he practiced in the states before he moved to American Samoa where he stayed for eight year.

At CUC, he said his responsibilities include supervision of the accounting operation, procurement, treasury, payroll, collection and all the other financial aspects of the utilities.

Before coming to Saipan, Warren said he did a little research about CUC and “I know its difficult history with finances.”

But Warren said CUC was able to improve its financial capability in the past years.

“They are moving in the right direction and I hope they continue that good work to keep CUC in solid financial footing,” he said.

Still, he said, CUC needs to be able to generate sufficient cash and streamline its operations.

Warren said he will make every effort to further improve CUC’s finances.

He said he likes to see the rates for power and water as low as possible for all  customers.

In American Samoa, he added, they experienced a similar problem with very expensive power rates and occasional power interruptions.

In his first week with CUC, he said he will familiarize himself with all the staff members that report directly to him, and he will let them understand their responsibilities.

“I think the staff here are very motivated. I haven’t been here long enough to see their qualifications but so far, based on what I see, they’re doing a very good job based on the resources that they have,” he said.

 

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