Nushagak Cooperative ended Nancy Favors' contract as CEO Monday night "for reasons other than cause" and installed former CEO Mike Megli as interim effective Tuesday.
KDLG: There’s been a change of leadership at the Nushagak Cooperative, the utilities provider in Dillingham. On Monday night the board of directors voted to end Nancy Favors’ contract as chief executive officer, and put former CEO Mike Megli in as interim head of operations.
“There’s no cause for the end of the contract," board president Pete Andrew said Tuesday morning. "We appreciate Nancy’s twelve years of service with the cooperative. She stepped up to the plate to be a manager for a little over a year. The board decided they needed to move in a different direction. Nancy’s been an exemplary employee, and we wish her the best of luck.”
The board discussed the matter during an executive session at its meeting Monday night. The vote was unanimous. Andrew described the differences between as "philosophical," and reiterated there was no cause for firing beyond that.
Favors took over as CEO in October 2015 after Mike Megli retired. Andrew says Megli has agreed to step back in while the co-op starts what could be a months-long search for a new CEO.
“It’ll be quite comprehensive and I think it will take a while. Mike agreed to stay on till May," said Andrew.
He added that the cooperative should be in good hands, referencing Megli's 30 years with NETC, including five years as CEO, from 2010 to 2015.
The change was effective immediately and Megli started back as CEO Tuesday morning.
Nushagak Cooperative was founded in 1975 and serves customers in Dillingham, Aleknagik, Clarks Point, Ekuk, Manokotak, and Portage Creek.
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