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For Immediate Release

February 11, 2016

Treasurer Reese Names Osagie Imasogie to DRPA

Business executive will serve as treasurer’s designee on bi-state authority board

Harrisburg – State Treasurer Timothy Reese has appointed Osagie Imasogie, senior managing partner & founder of Phoenix IP Ventures, as his designee to the Delaware River Port Authority (DRPA) Board. Imasogie is an accomplished business leader with more than 30 years of experience as an attorney, entrepreneur and corporate executive.

“I’ve worked with Osagie for several years in a number of roles and have always been impressed with his business acumen and leadership. His diverse and extensive experience across the legal, financial and business arenas will bring a valuable perspective to DRPA.”

Timothy A. Reese, State Treasurer

DRPA operates four bridges over the Delaware River between Pennsylvania and New Jersey, and the Port Authority Transportation Corporation (PATCO) commuter rail line. Given Treasury’s financial expertise and stewardship, the state Treasurer is an ex-officio member of the DRPA Board and plays an important role in guiding the authority’s financial stability.

As the designee of the state Treasurer, Imasogie will become one of eight Pennsylvania commissioners. New Jersey is also represented by eight members on the DRPA.