Nearly a month after the release of the ‘No’ result in the Transit Plebiscite and the elimination of two top executive positions, TransLink is on the hunt for a new CEO.
According to a job posting published on Work B.C., applicants will be vying for a position that provides them with an annual salary of $319,244 plus an annual bonus of up to 30 per cent base salary.
On top of the substantial pay package, the position comes with a number of benefits:
Generous compensation packages for executive roles within multi-billion dollar organizations are usually provided to attract top talent, whether it be from the public or private sector. But such practices have been widely criticized by the public over the past year.
TransLink carries a wide mandate as it is not purely a transit agency – it is responsible for both public transit and roads in the Metro Vancouver region.
“Of the world’s major cities, only Vancouver, London and Paris have managed to integrate public transit and road planning under one central authority with its own stream of revenue,” the listing reads.
Comparatively, former TransLink CEO Ian Jarvis received a compensation package totalling $438,700 in his last year under the leadership helm.
Here is an excerpt of the job description’s qualifications and expectations for the new CEO:
As a private or public sector senior executive, you have demonstrated your ability to lead complex organizations and work collaboratively with boards, public sector stakeholders, complex missions and significant growth with a minimum of 5 to 10 years of experience in a related leadership role. A Bachelor’s Degree in Business Administration or Engineering would be preferred. With your excellent communications and media relations skills, you are also adept at shaping public opinion and rallying support. This is a rare opportunity to provide strategic leadership for transportation to Canada’s third largest urban region and shape regional growth through transit in a world class city.