In the wake of the Regional Transportation District’s chief announcing his “voluntary retirement” from the agency, RTD’s board of directors will hold a special meeting Tuesday to how to select a new leader.
General Manager and CEO Dave Genova publicly announced Nov. 22 that he would be stepping down after nearly 26 years of service with RTD. His final day is anticipated to be Jan. 20, 2020.
The board of directors are meeting this week to discuss procedures for selecting an interim CEO, as well as the process for choosing a permanent one.
The first order of business, however, is to decide how Genova’s employment should end. The board has three options, as outlined in Genova’s contract: Terminate his employment and the contract agreement immediately; place him on administrative leave; or require that the chief continue to perform his duties until his last day.
Genova’s most recent contract began January 2019 and was slated to end December 31, 2023, with auto renewals set for the following two years. His annual salary was $295,000, with a raise of 1.5% at the start of each year.
As specified by the contract, the outgoing chief will be compensated for unused personal and sick time off, as well as any earned but unpaid base salary.
In a letter to Doug Tisdale, the chairman of the board, Genova said he is “fully committed to completing my time and will work with you and the Board to assure a seamless and smooth transition.”
Undoubtedly, Genova’s predecessor will face hardship leading an agency that’s plagued with declining ridership, staffing shortages and a changing mobility system in a city that largely was built for cars, not public transit.
RTD’s board meeting was originally scheduled for late November but was postponed by a snowstorm that hit Colorado the night before. The new meeting will be held at 5:30 p.m. Tuesday, after which the regularly scheduled committee meetings will be held.