Have a bachelor’s degree, executive experience, and a willingness to take the helm of an embattled public utility that just lost out on a new revenue stream -- largely because of the public’s lack of trust?
Apply soon, and you could be the next CEO of TransLink.
If you are, you’ll be well-compensated. A WorkBC job posting shows the new head of the transit authority will make more than $319,000 per year, plus a bonus of up to 30 per cent of base salary.
Minimum qualifications for the job include a bachelor’s degree and five-to-10 years of experience in a “related leadership role.”
The new CEO will also receive six weeks of vacation time, a $14,400 annual transportation allowance, $1,200 for parking and a $2,500 annual “wellness allowance.”
TransLink has come under fire for executive compensation in the past, with former CEO Ian Jarvis making a total more than of $468,000 in 2013 -- a figure that included $83,700 in bonus pay.
Jarvis was replaced in February, but will continue receiving his executive salary until his contract is up next June.
Interim CEO Doug Allen, who took over for Jarvis, has been receiving a salary of $35,000 per month since he took over, a figure that works out to $420,000 annually.
So, while the advertised salary for TransLink’s next CEO is hardly small, it’s not as large as previous packages the company has offered its leaders.
Even if the new CEO receives the full 30 per cent bonus, he or she will expect to make just under $415,000 in salary and bonuses -- less than both Jarvis and Allen received.
