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At a special meeting Friday, the JEA Board of Directors named Paul McElroy to the fill the role of the company's new CEO and Managing director, starting October 1.
He’ll succeed Jim Dickenson, who is scheduled to retire Feb. 1.
McElroy served as JEA's Chief Financial Officer since 2002. Before that he had been a vice president and general manager for Bombardier Capital Corp. and a vice president for Pitney Bowes Credit Corp.
JEA says he brings more than 30 years of experience working in the financial and operational arenas.
Board Chairman Ashton Hudson says they went through fourty candidates, and McElroy was in the top two. The first pick was Joseph Belechak, who had been a senior vice president with Westinghouse Electric.
Belechak told Hudson this week he no longer wanted the CEO job.
"The board feels very comfortable that Paul will make a great leader for the organization," Hudson said.
Hudson said the board wants McElroy focused on "extending the excellence we have enjoyed with our internal operations to our customers."
Belechak had been offered $400,000 as a base salary, with chances for incentive pay. Dickenson makes $364,000.
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