TransLink back on the hunt for new CEO; offering new compensation package

TransLink says they are starting their search again for a new CEO but this time it will come with a new compensation package.

The Mayors’ Council on Regional Transportation approved the new package which will see the bonus plan and vehicle allowance removed and a salary range of $325,092 to $406,364. The salary does not take into account pension or benefits like medical, dental or extended health.

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Not only will the new transportation CEO be falling on tough times but so will TransLink’s executives, who will also have their car allowances eliminated.

The Mayors’ Council did a “comprehensive analysis” to put together the new CEO’s salary range.

TransLink said in a statement they have “achieved roughly $2 million in annual savings by cutting executive and senior management salary costs over the past two years.”

TransLink CEO Compensation

In 2014, the CEO earned a base salary of $319,244, earned $97,671 in bonus payments and received $18,100 in car allowance; which totals $435,015 for the year.