Vickie Cavey is CEO and managing director of JEA.
Published on February 19, 2025 at 10:06 am
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The JEA Compensation Committee voted Tuesday to recommend a three-year contract extension for CEO Vickie Cavey to bring her salary to $700,000 annually.
The contract will be reviewed by the full board on Tuesday.
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Cavey, who took over as CEO in May, initially earned $560,000, while her predecessor, Jay Stowe, earned $669,500.
A market analysis suggested raising Cavey’s salary to $807,000, as JEA ranks high in workforce size and capacity but low in CEO pay compared to similar utilities.
“Over the last 10 months, Vickie has led JEA with a dedication to fiscal stewardship, reestablishing trust with the board and a commitment to the community we serve,” JEA Board Chair Joe DiSalvo said.
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According to DiSalvo, JEA is in the 80th percentile of large public power utilities nationally. However, the current JEA CEO compensation is in the 40th percentile.
“Today, the committee approves a contract we believe is in the best interest of JEA and maintaining stable leadership for the foreseeable future,” DiSalvo said.
Cavey’s contract proposal includes a $2,000 monthly business allowance and an $850 vehicle allowance, with a 3% annual salary increase.
This story was produced by News4Jax, a Jacksonville Today news partner.
