Ex-JEA board members testify they wouldn’t have voted for bonus plan if they’d known about huge potential payouts

Ex-JEA board members testify they wouldn’t have voted for bonus plan if they’d known about huge potential payouts

Ex-JEA execs accused of orchestrating Jacksonville’s largest fraud scheme layout defense on Day 1 of federal trial Prosecutors then played a clip from the board meeting where Flanagan asked Wannemacher about any implications of Scenario Three — known as the non-traditional utility response — on the performance unit plan , and how they would interact. At the meeting, Wannemacher explained the only implication would be that if there’s a transaction, the performance period used to calculate payouts would end, when the transaction is finalized.

Former JEA board members Rev. Fred Newbill and Andy Allen also said he would not have voted for the bonus had he known the payouts could have been in the millions for executives had the utility sold. She also said that she felt the office of Mayor Lenny Curry was not supportive of McElroy as head of JEA. Flanagan said that during the search for a permanent CEO that followed, she inferred that the mayor’s office’s preferred candidate was Zahn, but that it didn’t control how she voted or ranked the candidates.

Anton Derkach, a senior partner with consulting firm McKinsey & Company, then testified about how his firm came to work with JEA on strategic planning starting in 2018. He testified that their goal was to help JEA become a leading municipal utility of the future.

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