Wapa

Departing WAPA CEO Andrew Smith Receives $50,000 Amid Financial Crisis

In the midst of receiving testimony on the Water and Power Authority’s dire financial straits, lawmakers were surprised to learn that departing WAPA CEO Andrew Smith has received a hefty bonus for his services over the past two and a half years.‌ “I’ve heard little rumblings that individuals in the C-suite at WAPA have received $50,000 bonuses,” said Senator Donna Frett-Gregory during Monday’s Committee of the Whole meeting. “If it is accurate, who are these individuals?”‌ Chair of WAPA’s governing board Kyle Fleming indicated that the only individual who received the bonus was Mr. Smith. He said the payment “was baked off of the criteria that was set from the board from the onset of the contract.” ‌According to Mr. Fleming, one of the criteria that had to be met was the development of a leadership team. “That was when it was building out the CEO, COO, Chief Financial Officer as well,” he noted, telling lawmakers that he would be “happy to share” the other milestones that qualified ...