Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

September 2, 2024 / 2024 Lifetime Achievement & C-Suite Honorees

2024 C-Suite Honoree: Michael Shea

Click here to return to the honoree page
More Information

Michael Shea joined the Connecticut Airport Authority (CAA) in 2013 and currently serves as the deputy executive director. Shea oversees the finance/accounting, business development/leasing, and planning/engineering departments of the CAA, and is responsible for all accounting, planning, budgeting, financial analysis, treasury, lease management, business development and capital improvement program functions.

In addition, he is responsible for all debt management for the CAA. Shea has over 25 years of experience in finance and accounting. Prior to joining the CAA, he held high-level finance and accounting roles in real estate development and property and casualty insurance. Shea began his career in public accounting and remains a licensed CPA.

What have been your biggest professional accomplishments over the past year?

I secured funding, oversaw the design and launched construction on a capital improvement program that is currently underway at Bradley International Airport that will enhance the flow and functionality of the airport for travelers.

The first project is a new, 80,000-square-foot facility that will house the airport’s checked-baggage screening equipment and add additional gate space for our airline partners.

The second project is the addition of two corridors on both sides of the main terminal, which will give deplaning passengers in both of the airport’s concourses a faster and more direct route to baggage claim in the lower level of the airport, and allow for an expansion to the airport’s main security checkpoint.

The total cost of these projects is $243 million. I was able to secure $99 million in funding from the Federal Aviation Administration Airport Improvement Program, Transportation Security Administration, and the Bipartisan Infrastructure Law. The additional $144 million for the project is coming from passenger facility charges and the CAA’s airport revenue.

No taxpayer funds are being used to pay for these projects.

On the job

Guiding business principle: Accountability and attention to detail

Best way to keep your competitive edge: Keep an open mind and embrace new challenges

Goal yet to be achieved: Establish direct air service to London from Bradley International Airport

Personal touch in your office: Family pictures and my kids’ artwork

Personal side:

Favorite way to relax: Exercise and movies

Hobbies: Golf, hockey, hiking

Last vacation: Colorado

Favorite cause: Education, cancer research

Click here to return to the honoree page

Michael Shea

Deputy Executive Director – Finance, Business Development, Planning & Engineering

Connecticut Airport Authority

Size of organization: $144 million in annual revenue

Number of employees: 175

Education: Bachelor’s Degree in Finance, Boston College; Master’s in Professional Accounting, University of Hartford

 

 

Sign up for Enews

Most Recent

Most Recent

0 Comments

Order a PDF