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JEA board approves new CEO's contract

10:22 AM, Sep 19, 2012   |    comments
Paul McElroy Photo courtesy JEA
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JACKSONVILLE, Fla. -- The JEA board voted Tuesday to approve the contract of new CEO Paul McElroy, according to media relations coordinator Gerri Boyce.

McElroy will start as CEO/Managing Director on Oct. 1. He was selected for the position on Friday, Sept. 7 after Joseph Belechak announced he no longer wanted the position.

The board initially offered McElroy the same salary as Belechak. However, McElroy requested that his salary be reduced to the same amount as current CEO Jim Dickerson, citing the current status of the economy.

"We appreciate Paul's sensitivity to the concerns of our customers and to employee morale. His decision to reduce his compensation demonstrates his commitment to the community and his strong focus on the work at hand," said chairman Ashton Hudson in a release.

McElroy holds membership with the Finance and Audit Committee for The Energy Authority and served as its chair.

He has a Bachelor of Science degree in Accounting. For the past 12 years McElroy and his family have called Northeast Florida home, eight of those years in Jacksonville.

Dickerson was also on Tuesday given by the board the new title of Senior Advisor, effective Oct. 1. His contract was extended earlier this year through Feb. 1, 2013 so he could help next year's budget through Jacksonville City Council, according to the release.

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