A former executive with Transport for London, which developed the city’s Oyster transit card, has been nominated by New York Gov. David Paterson to run the city’s Metropolitan Transportation Authority.
The appointment of 48-year-old Jay Walder as MTA’s chairman and CEO, must be approved by the state New York State Senate. Currently a partner with consultants McKinsey & Co., Walder was Transport for London’s planning and finance director from 2000 to 2006, where he helped draft the city’s successful bid for the 2012 Olympics. He also was heavily involved with the introduction of London’s Oyster card.