8k. Order 2022-07

1                                                                                  Agenda Item: 8k_Order 
2                                                                                  Meeting Date: May 24, 2022 
4                                                 ORDER NO. 2022-07 
6                          AN ORDER OF THE PORT OF SEATTLE COMMISSION 
8                            Appointing a Public Member to the Port of Seattle Audit
9                           Committee. 
11                                                  PROPOSED 
12                                                MAY 24, 2022 
14                                               INTRODUCTION 
16    Until December 2021, Christina Gehrke served the Port of Seattle (Port) Commission as the Audit
17    Committee Public Member. Christina had played a pivotal role by serving as an independent
18    advisor and subject matter expert on Internal Audit matters, risk and internal control assessments,
19    and governance. Christina's tenure began in January 2011 and ended in December 2021. 
21    Since Christina Gehrke's departure, an extensive recruitment effort has taken place, with the Port
22    reaching out to key parties through various means. These include advertising the position on
23    LinkedIn; the Washington Society of Certified Public Accountants; and the Institute of Internal
24    Auditors Puget Sound Chapter. Additionally, the Port has conducted personalized outreach to
25    select organizations and individuals within the Seattle audit and business communities. 
27                                            TEXT OF THE ORDER 
29    The Port Commission, in accordance with the Audit Committee Charter, hereby appoints and
30    confirms Sarah Holmstrom to serve a three-year term as the Public Member on the Port 
31    Commission's Audit Committee, effective June 1, 2022, and ending May 31, 2025. 
33                                  STATEMENT IN SUPPORT OF THE ORDER 
35    On March 31, 2009, the Port Commission, through Resolution No. 3613, amended the Audit
36    Committee Charter to require a public member serve on the Committee in the capacity of a non-
37    voting expert advisor. The Audit Committee represents the Commission and provides review and
38    oversight authority on matters relating to the Port's auditing process and procedures. 
40    The Audit Committee is composed of two Port Commissioners and one Public Member with the
41    accounting and auditing qualifications described in the Audit Committee Charter. The Audit
42    Committee  recommends  a  new  Public  Member  for  appointment  and  confirmation  by  the
43    Commission. 
45    Ms. Holmstrom is a Certified Public Accountant (CPA) with over 15 years of experience working
46    with various federal, state, and local governmental agencies. She served as Chief Financial Officer

Order 2022-07  Public Member Appointment to the Audit Committee                               Page 1 of 2

47    for over ten years with two Native American organizations in Washington State. Currently, Sarah
48    is a Finance Leader for Amazon Web Services working in infrastructure financial planning and
49    analysis. 

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