The governing board for the Port of Tacoma has approved a $220,000 annual salary for the port's newly selected executive director, John Wolfe.
Wolfe, who beat out a pool of 59 applicants for the job, will also receive a $700 monthly car allowance, four weeks of annual vacation and a typical port employee benefits package.
The port contract also includes a provision entitling Wolfe to six months of severance pay if he is asked to leave without cause.
Wolfe salary, which is the same as previous director Tim Farrell's, was in the middle of the p$200,000 to $240,000 advertised range for the position.
Wolfe has been serving as interim executive director since Farrell resigned at the end of 2009. Prior to his current position, Wolfe served as deputy executive director at the port since 2005. Prior to joining the Port of Tacoma, Wolfe served in several top executive positions at the Port of Olympia, including two years as executive director, and he spent a decade with Maersk Sealand/APM Terminals in Tacoma.
