Port of Tacoma CEO John Wolfe said it remains to be determined whether he will continue to serve as the Port of Tacoma chief executive as well as the alliance CEO or whether he will give up his Tacoma post to assume the new post.
According to the two ports, Port of Tacoma Chief Executive Officer John Wolfe will head the alliance. That alliance will jointly market and operate the marine terminals of both ports as a single entity.
The alliance stops short of a merger. Both ports will retain their respective port commissions. They will decide later this year how the profits and costs will be divided between the two ports. The two ports will retain ownership of the terminals and other marine assets in each of the two ports.