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Jay Stowe Signs Contract To Become JEA's Next CEO

Jay Stowe
Via Jacksonville Daily Record
Jay Stowe will be JEA's next CEO.

Jay Stowe’s first day on the job as CEO and managing director of city-owned utility JEA will be Nov. 30.

The former Tennessee Valley Authority and Huntsville, Alabama, public utility executive signed a five-year contract with JEA on Nov. 6, according to WJCT News partner the Jacksonville Daily Record. It includes a base salary of $560,000.

Related: Read Stowe’s Contract

JEA board Chair John Baker signed the fully executed contract Nov. 8. 

Stowe’s deal includes JEA’s standard pension and health benefits; a monthly $850 vehicle allowance; a $1,000 per month business allowance; and an immediate allowed grant of 80 hours of leave. 

He then will accrue leave at the same rate as JEA employees with five years of service at 184 hours a year.

Stowe will receive a 3% annual salary increase beginning in November 2021.

The board selected the 52-year-old Stowe as its next leader during a special meeting Nov. 2 to replace interim CEO Paul McElroy.