Osborne to fill in as port's chief

March 14, 1995|By Peter Jensen | Peter Jensen,Sun Staff Writer

Gov. Parris N. Glendening named a top transportation official yesterday as acting Maryland port director while a specially appointed board searches for a successor to Michael P. Angelos, who resigned abruptly last week.

Maryland Transportation Deputy Secretary Thomas L. Osborne will serve as interim executive director of the Maryland Port Administration (MPA). Mr. Glendening named 10 people, including representatives of business, management and labor, to find a permanent replacement for Mr. Angelos.

Mr. Angelos stepped down after Mr. Glendening placed him on administrative leave in the wake of public revelations of a federal investigation into the possibility of insider trading violations.

"We have been reassuring customers and clients that business will continue as usual at the port," said Maryland Transportation Secretary David L. Winstead, the committee's chairman. "We want to make sure this transition is done as smoothly as possible."

Mr. Osborne, 47, served as director of the office of policy and governmental affairs at the Transportation Department before being named deputy secretary a year ago. Prior to joining the state in 1991, he was director of planning for Anne Arundel County.

One name was eliminated yesterday from the list of candidates. Former Rep. Helen Delich Bentley, a Baltimore County Republican who is currently an adviser to the MPA, will serve as the committee's co-chair but asked not to be considered for the post, Mr. Winstead said.

"She's an invaluable adviser and she wants to continue in that capacity," Mr. Winstead said.

Search committee members include Michael R. Watson, president of the Association of Bay Pilots, and Richard P. Hughes Jr., a vice president with the International Longshoremen's Association.

Former Port Chief Adrian G. Teel also will serve on the committee, with John T. Menzies, chairman of the Terminal Corp.; David L. Bindler, regional director for Maersk shipping line; Sewell A. Brown III, president of Belts Corp.; James T. Brady, the secretary-designee for the Department of Economic and Employment Development; and Alvin Nichols of the Federal National Mortgage Association.

Mr. Winstead said he hoped to have a candidate for the job within a month.

That person, he said, would be someone experienced in the maritime industry who has good management skills and who can market the port effectively.

The secretary also praised the work of Mr. Angelos, who was "very trusted by labor and the port industry," he said.

The U.S. Securities and Exchange Commission is investigating certain stock trades that were made before Baltimore Bancorp was purchased by First Fidelity Bancorp. last year.

According to several directors of the banking company who were briefed on the matter, Mr. Angelos purchased shares of Baltimore Bancorp with a $50,000 check given him by the port's deputy director, G. Gregory Russell, who also was a Baltimore Bancorp director.

Mr. Russell also has submitted his resignation to the MPA.

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