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Released: 5/20/2009 

Robin L. Wiessmann Is Appointed DRPA Pennsylvania Commissioner

Pennsylvania Governor, Edward G. Rendell, has appointed former Pennsylvania Treasurer, Robin L. Wiessmann to the Delaware River Port Authority Board of Commissioners.  Ms. Wiessmann returns to the Board after serving for two years in 2007 and 2008 in an ex-officio capacity as Pennsylvania Treasurer.  She replaces Pennsylvania State Representative, John M. Perzel, of Northeast Philadelphia, whose term had expired.

Ms. Wiessmann brings considerable financial expertise to the DRPA board.  She is a former Vice President of Goldman Sachs and also served as Deputy Director of Finance for Philadelphia.  She and her husband live in Newtown, Bucks County, with their two children.

Ms. Wiessmann is a veteran of public finance and investment banking.  As State Treasurer of the Commonwealth of Pennsylvania, Treasurer Wiessmann developed e-Treasury Pennsylvania, a Department strategic plan that focuses on good governance standards and continuous streamlining of operations.  Among the plan's cornerstones are bringing transparency and accountability to the office and its investment operations and adhering to institutional investing standards.  One of e-Treasury's most significant recommendations was the reallocation of $3.4 billion in funds which saved the Commonwealth from millions in losses and earned a reasonable return for a volatile 2008.  Treasurer Wiessmann also instituted the Pennsylvania Investment Principles which incorporate geo-political, environmental and governance principles to ensure sustainable long-term investment returns. 

Treasurer Wiessmann is also a former vice-chair of the Delaware River Joint Toll Bridge Commission.  Her term ended in 2007.  “As a former municipal investment banker who is very familiar with infrastructure and transportation issues, I am delighted to rejoin the DRPA Board of Commissioners and offer my professional expertise,” said Wiessmann. 

“There are many challenges facing us in this volatile economic climate, and keeping the Philadelphia region's bridges and transit operating efficiently and effectively is an important step in moving our economy forward.  I look forward to assisting the missioners and staff and the opportunity to provide added value, when possible, to its operations.”

The Delaware River Port Authority of Pennsylvania and New Jersey is administered by a 16-member Board of Commissioners, eight from each state.  The commissioners are appointed by their respective governors, except the auditor-general and treasurer of Pennsylvania who are ex-officio members.  All Commissioners serve without compensation.

The Delaware River Port Authority is a regional transportation agency.  DRPA owns and operates the Benjamin Franklin, Walt Whitman, Commodore Barry and Betsy Ross Bridges, PATCO and the Philadelphia Cruise Terminal.  The DRPA also owns the RiverLink Ferry.

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