Michael Stayton, president of the Indianapolis Airport Authority (IAA) has announced his intention to retire in January.
In a letter of resignation to the Indianapolis Mayor Greg Ballard, Stayton said he will step down next month “for personal reasons” having served in the position for two years.
He said the January 2012 meeting would be his last.
In the letter to the Mayor, Stayton said: “I believe this is the right time for me to step down as both President and Board member. We’ve accomplished a considerable amount at the IAA during your first term in addition to effectively opening a great new passenger terminal.”
He also mentioned some of the airport's other recent accomplishments including the continued expansion of the FedEx regional hub and successfully keeping the authority's budget balanced through the economic downturn.
Appointed by the Mayor of Indianapolis to the Indianapolis Airport Authority board in January 2008, Stayton was elected president in April 2009.
Stayton founded the United States Infrastructure Corporation (USIC) in 2008 and currently serves as its president and CEO.