MTA Chief Jay Walder Resigns

Chairman and CEO of the Metropolitan Transit Authority Jay Walder abruptly announced Thursday that he is resigning from his post and taking a position with a rail service operator in Hong Kong.

Walder, who joined the MTA in 2009, is taking a position with MTR Corporation in Hong Kong as its CEO and a member of the Board of Directors.

"I believe that we have accomplished quite a lot in a short period, with the support of two governors, the mayor, a hard-working board and many others," Walder said in a statement.

Walder's last day will be October 11.

Walder, who grew up in the Rockaways, worked for the MTA in the '80s and '90s. He left for a teaching position at Harvard and went on to be a top-level executive helping run London's transit system.

Walder Resignation