The Ontario International Airport Authority has tapped Kelly J. Fredericks as its chief executive officer. (Courtesy photo)
By Liset Marquez, Inland Valley Daily Bulletin
Posted: 02/01/16, 5:55 PM PST |
ONTARIO >> When the new executive director for the Ontario International Airport Authority takes the helm in March, he will earn an annual salary of $398,500 — and bonuses could push it over $500,000 a year.
Depending on whether Kelly J. Fredericks can hit certain performance measures at the struggling L.A./Ontario International Airport, he could be eligible for anywhere from $99,625 to $159,000 in annual bonus incentives.
The Ontario International Airport Authority finalized the details of Frederick’s five-year deal, appointing him to the top post at its meeting Monday morning.
“It’s an exceptionally generous offer,” said Jack Keady, president of Keady Transportation Consulting in Playa del Rey. “The authority expects this new manager to completely turn around the airport.”
At John Wayne Airport, the director receives an annual salary of $200,000, airport officials said.
The authority reached the figure in consultation with its search firm, said Al Boling, interim CEO, and Ontario’s city manager. He added CEOs’ salaries vary depending on whether they operate an authority, a municipal or private airport.
“You’ve got to take into account the risk factor. Coming in and expecting to turn around Ontario Airport is different than maintaining an airport that’s fully functional,” he said.
Fredericks will work on helping the authority gain the certificate of operation from the Federal Aviation Administration, which will officially mark the return to local control.
Fredericks has 33 years of experience in aviation, including serving as the president of Rhode Island Airport Corp. since April 2013. Before that, he worked as a senior vice president of an aviation group and oversaw the design and construction of a multibillion-dollar project.
The authority is “recognizing he made significant progress at his previous job,” Keady said.
As the East Coast resident gets ready to relocate to the Ontario area, the authority has agreed to pay for two trips for him to search for housing and then up to $18,000 in temporary living expenses for up to six months. He’ll also receive “exclusive and unrestricted use at all times of a fully equipped vehicle” and a $100 monthly stipend for a cell phone, according to the nine-page contract.
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