Sound Transit approves $375,000 contract with new CEO Julie Timm

Sound Transit’s new CEO, Julie Tim, will take the reins of the nation’s largest transit expansion program on September 26, for a salary of $375,000 per year, board members decided Thursday.

contract offer Extends in just three years, till December 31, 2025, with a one-year renewal option.

Tim currently leads the Greater Richmond Transit Company, a smaller agency serving 30,000 daily commuters in Virginia’s capital city, or slightly less than Everett-based Community Transit.

Members of the Sound Transit Board approved the contract proposal 17-0.

Pierce County Executive Board member Bruce Dameyer said, while he has project-delivery experience, Tim’s strength in running daily transit services has made him an obvious choice.

“We are rapidly transitioning from a capital program to an operating program,” he said. “We need a strong leader and a leader who can bring people together and collaborate effectively with others.”

Prior to working in Richmond, she was involved in light rail in Hampton Roads, Virginia, and a transit ballot measure in Nashville. It’s a major step forward to spearhead Sound Transit’s $142 billion, 30-year finance plan to build and operate the 12 megaprojects voters approved in 2016, or to tackle public frustrations like Seattle’s broken downtown station escalator. Requires a nine-year, $96 million replacement program.

According to Virginia Transit supporters and sound transit executives who interviewed her, she brings to life superior personal skills, high curiosity, a focus on social equality, and a passion for public transit. As Virginia reports, she froze riders in Richmond despite the pandemic, freeing fares, riding buses, and having an “open-door policy” toward advocates.

“I think she is incredibly understanding about Transit, and incredibly understanding of the importance of the team she will lead,” said the board member. Nancy BackusAuburn Mayor.

Tim joined the meeting online, and later said in a news release:

“More than doubling the reach of light rail over the next few years represents a historic level of investment…we will continue to drive these and further projects through strong partnerships and innovative solutions that help our parents, our children, and benefit the children of our children. It will not be easy or effortless to fulfill this vision. I am truly humbled to be a part of such a tremendous effort.”

The proposal approved Thursday is similar to the pay and allowances received by Peter Rogoff, who left on May 31 after serving since late 2015. Tim’s starting salary roughly matches Rogoff’s ending salary of $379,000.

Tim will also receive medical benefits, a moving allowance of $64,000, an $8,500 annual allowance for regular business-related expenses, 35 paid days of personal time per year, and a total of 12% of salary and retirement-fund contributions of $10,400 in 2022 . and a free ORCA Faircard available to all employees. Her predecessors, Rogoff and Joni Earl, received similar allowances.

The new CEO will also receive a minimum 3.5% annual salary increase assuming a successful performance rating and a chance to win more.

Those annual valuations may have been high-stress events, as was evident in 2018 when the board denied Rogoff a performance bonus of $31,290 based on complaints about his abrasive management style, though he was given 5% inflation. increase was achieved. In addition, Rogoff voluntarily forfeited his salary increase in 2021 amid reports of a prolonged budget cut, while Earl deferred a 2010 pay increase during the Great Recession.

Chief of staff Brooke Bellman serves as interim CEO this summer.

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