Steve Kozak Named Head of LAWA’s New Debt and Treasury Management Division

(Los Angeles, CA - December 26, 2000) Los Angeles World Airports has named Steve Kozak as Division Head of its newly-created Debt and Treasury Management Division. Under Kozak’s direction, the Debt and Treasury Management Division will be responsible for a variety of financial management issues including: compilation, administration and funding of the capital improvement plan; PFC’s; grants; landing fees and terminal rental rates calculations and reconciliations; issuance and administration of debt; and investor relations.

"Steve combines the perfect attributes to lead our Debt and Treasury Management Division with his strong background in municipal finance and previous experience in airport planning and administration," said Karen L. Sisson, Chief Financial Officer, Los Angeles World Airports. "Under his leadership, LAWA will have a strong leader to oversee our bond issuance, debt administration, capital programs, and rates and charges. We couldn’t be happier to have someone of Steve’s caliber on our team."

Kozak joins LAWA bringing with him more than two decades of public finance and local government management experience in the County of Orange, including seven years at John Wayne Airport. He most recently served with the Orange County Sanitation District overseeing their long-term capital projects debt financing program, risk management, treasury operations and investment program.

Los Angeles World Airports is a self-supporting department of the City of Los Angeles, which owns and operates a world-class system of four airports: Los Angeles International, Ontario International, Palmdale Regional, and Van Nuys. LAWA's combined operations move 70.5 million passengers and 2.6 million tons of cargo annually; create 409,000 direct and indirect jobs; and generate $70 billion in economic impacts through an innovative transportation gateway that fuels the regional economy and links Los Angeles and Southern California to the world.