Next JEA CEO signs $560 thousand contract

JACKSONVILLE, Fla. — The next JEA CEO, Jay Stowe, has officially signed a 5-year contract with JEA.

In the contract, Stowe will be paid $560,000 a year, with an increase of $16,800 per year. However, Stowe opted out of the bonus plan and any other incentive compensation. He will also receive an allowance of $1,000 a month for business expenditures.

Stowe will begin his role as CEO on November 30. Stowe was selected by the JEA Board earlier this month after a special board meeting where the board members debated on who would be best to be the next CEO. He will replace interim CEO Paul McElroy at the end of November.

Stowe’s previous positions include, most recently, serving as CEO of Stowe Utility Group LLC in Chattanooga, Tennessee. JEA says he also has served as Senior Vice President at Tennessee Valley Authority (TVA) and as Vice President of Operations and President and CEO of Huntsville Utilities in Huntsville, Alabama.

Cox Media Group