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Commission outlines CEO finalist timeline and signals support for employment agreement ahead of final interviews

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Summary

The commission confirmed finalist interview dates for Experience Fayetteville’s CEO search and discussed a draft three-year employment agreement; commissioners indicated support for offering an employment agreement and asked for flexibility on term and severance during final deliberations.

Experience Fayetteville’s Advertising & Promotion Commission confirmed its finalist interview schedule and discussed a draft employment agreement for its next CEO at the March meeting.

Staff and the search consultant will conduct virtual interviews with up to six candidates the week of March 31, then narrow the field to three finalists for in-person events scheduled Sunday afternoon and Monday, April 13–14. The commission will hold a public "meet-and-greet" on April 13 (4 p.m.–7 p.m.) at TheaterSquared and full-day finalist interviews and deliberations on April 14. Staff reminded commissioners that the meet-and-greet and public portions of finalist events are public meetings; any one-on-one finalist interviews or some deliberations may be held in executive session as allowed by law.

A draft employment agreement was presented to commissioners. The template (sourced from the search partner and reviewed by legal counsel) was presented as a three-year agreement by default but commissioners were told the term, salary and severance structure are negotiable. Staff described common severance ranges for executive roles in the sector (three months to one year of salary, with some organizations using tiered severance by tenure). The draft included clauses on duties, annual performance reviews, compensation/benefits and termination with and without cause; staff emphasized changes that reflect Arkansas at‑will employment law.

Commissioners indicated general comfort with offering an employment agreement as part of a candidate package, provided the commission retains flexibility to set term length, severance and other specific contract elements in final deliberations. Interim CEO Jennifer Walker said including an agreement could affect candidate interest and that staff wanted commissioner direction before final interviews. "Are you comfortable with having an employment agreement?" Walker asked; commissioners responded affirmatively while reserving negotiation of the specific terms for final deliberations.

Next steps: virtual interviews the week of March 31; finalists’ in-person events April 13–14; staff will accept commissioner guidance on preferred term length and severance structure to have contract language ready should the commission decide to make an offer.