RITPA CEO departs, paid $130,000 in severance - ABC6 - Providence, RI and New Bedford, MA News, Weather

RITPA CEO departs, paid $130,000 in severance

Posted: Updated:

Dee DeQuattro

ddequattro@abc6.com

The Rhode Island Public Transit Authority and CEO Charles Odimgbe have parted ways.

"The RIPTA Board of Directors and Mr. Charles Odimgbe have mutually agreed to end their employment relationship.  Mr. Odimgbe has served as the Chief Executive Officer of RIPTA since December of 2010.  On behalf of each member of the Board and our entire organization, RIPTA wishes to acknowledge the accomplishments that Mr. Odimgbe has achieved during his tenure as CEO, and thanks him for his service to the Authority," said RIPTA Board Chairman, Warwick Mayor Scott Avedisian.

As part of the separation agreement between Odimgbe and RIPTA, RIPTA agreed to pay Odimgbe a lump sum of $130,000 in severance. In addition RIPTA has agreed not to contest Odimgbe's unemployment and to buy out his remaining sick and vacation time.

Odimgbe will be covered by RIPTA's health insurance until Sept. 2013 or he finds gainful employment, whichever date comes first.

In exchange Odimgbe agreed to not sue or file any complaints against the company under Rhode Island whistle blower laws.

Per the agreement, Odimgbe's last day with the company was Dec. 27 2012.

Odimgbe has been on paid administrative leave since August 2010. He was placed on leave during a criminal investigation of a security breach involving the room where RIPTA keeps its cash fares. Avedisian said Odimgbe's departure is not related to the matter.

RIPTA is a quasi-public agency that operates on a $100 million plus budget. For fiscal year 2013 the company has a $1.3 million deficit.

Powered by WorldNow

10 Orms Street Providence, R.I. 02904
401-453-8000

All content © Copyright 2000 - 2014 WorldNow and WLNE.
All Rights Reserved.

For more information on this site, please read our Privacy Policy and Terms of Service.