Metro Board Votes to Extend Catoe's Contract
Metro's board of directors voted Thursday afternoon to extend General Manager John B. Catoe Jr.'s contract for three years.
After going into a closed executive session to discuss Catoe's future for more than an hour, the members of the board voted 5 to 1 in favor of the extension.
Catoe will continue to receive his current salary of $315,000 per year. In addition, he will now receive a annual $6,000 executive medical and wellness allowance. When he retires, he will receive $27,000 a year from an annuity for the rest of his life.
The 62-year-old career transportation official is facing a litany of challenges, the greatest of his career. Catoe has been the face of the beleaguered transit agency during its recent trials, from safety concerns raised in the wake of the June 22 Red Line crash to a massive budget shortfall for the coming fiscal year to four worker fatalities in recent months.
Metro board chairman Jim Graham, a D.C. council member, said a majority of the board believed Catoe was "the finest leader."
"This is a time, in my opinion, to reassure our stakeholders and riders with continued, stable leadership," Graham said. "We need his steady hand at the wheel."
Catoe thanked the board.
"We will continue to focus on the mission to be the best ride in the nation," he said.
He received a standing ovation from the board and the crowd.
September 24, 2009; 10:56 AM ET
| Tags: john catoe, metro
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