The next CEO of TransLink will be getting significantly less compensation than the last one, the transit provider announced Friday.
The successor to former CEO Ian Jarvis still hasn’t been chosen, but TransLink said the replacement won’t be getting bonuses or a vehicle allowance.
The Mayors’ Council on Regional Transpiration has also approved a lower salary range for the position, meaning the new CEO will be earning anywhere from a minimum of $325,000 to a maximum of $406,000.
The range was approved with the expectation the TransLink board will “target the low to mid-point of the salary range in the CEO recruitment,” the Mayors’ Council said in a statement.
By comparison, Jarvis received $425,000 last year. That included $97,000 in bonuses and $18,000 in vehicle allowances, but not pension or benefits.
The TransLink board also announced it’s eliminating vehicle allowances for the rest of the transit provider’s executives.
“We recognize that the public has a vested interest in the compensation paid to people working in the public sector,” board chair Barry Forbes said in a statement.
“We believe that by eliminating bonuses and car allowances, and cutting the number of senior positons at TransLink, we have addressed those concerns.”
The Mayors’ Council said it chose the new CEO’s salary range using an analysis from an independent consultant.
The analysis found the executive compensation is “in line with other public-sector employers” in B.C., as well as with Canadian organizations of similar size to TransLink, according to the council.
