Former Initiatives Prince George CEO Tim McEwan will have received at least $120,000 in severance and moving expenses by the time six months is up since his departure from the job last month, documents obtained through a freedom of information request are showing.
Under the terms of a departure agreement dated Jan. 27, McEwan, now the head of the provincial government's major investments office, is continuing to receive six months full salary and benefits effective Feb. 20 and at the end of the six months, IPG will pay a $15,000 bonus.
McEwan earned $170,000 per year, according to an employment contract also obtained through the request.
McEwan was also given a $20,000 moving allowance, "recognizing that Tim McEwan and his wife moved to Prince George solely for the IPG role," the agreement states.
IPG's board of directors will be fielding questions about the arrangement at a press conference today.
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