In a unique collaboration, the two boards of directors representing the regional bus and rail public transit agencies in Phoenix—Valley Metro Regional Public Transportation Authority (RPTA) and Valley Metro Rail, operator of METRO light rail—have selected Stephen R. Banta, chief executive officer of Valley Metro Rail since January 2010, as the single CEO for both agencies, effective March 1.

“I am pleased to have this opportunity and the confidence of both boards to serve as the single CEO,” Banta said. “This is a positive step forward in creating a more efficient and robust transit system, which will result in benefits to our regional customers and communities.”

Phoenix Mayor Greg Stanton approved the boards’ decision. “Cities can think and act regionally on critical issues,” he said. “Delivering an efficient and effective transit system crosses city boundaries and impacts the entire region. This is a step in the right direction.”

When the RPTA agreement goes into effect, Banta’s pre-existing employment agreement with METRO will end. If a conflict arises between the two boards, the parties will create a subcommittee to resolve actual or prospective disputes.

David Boggs, the former executive director of RPTA, retired Dec. 31, 2011.

“We are delighted with the decision to have Steve Banta as the single CEO who will lead both RPTA and METRO,” said Tempe Councilmember Shana Ellis, a board member for both agencies. “It speaks to greater efficiencies as we continue to deal with budget challenges.” Ellis led the working group that developed the plans for establishing a dual leadership role that will be governed by two separate boards of directors.