The Development Authority of Monroe County on Tuesday parted ways with its president, Bo Gregory, after five years on the job.
Authority chairman Tom Baugh said they’re separating on good terms.
“Meaningful progress was made during Mr. Gregory’s tenure and the Development Authority wishes him the best in his future endeavors,” said Baugh. “The authority remains positive about the outlook for economic development in Monroe County.”
Gregory had been hired by the authority in 2016 from Arkansas after his predecessor Tiffany Andrews moved to Florida. Gregory helped recruit the Five Below distribution warehouse to Smarr and the Royal Seven/Zaxby’s project to Forsyth in 2018. More recently he’s been involved in the new Swint’s candy factory coming to the industrial park.
Authority members had signaled their own reservations last year when they only extended Gregory’s contract by four months. Those four months expired and the contract wasn’t renewed. Back in 2018 the authority had extended his contract two years with a raise to $93,000 per year. A severance package obtained by the Reporter says Gregory will be employed through the end of April and will continue to receive his regular salary May-July, $23,250. The agreement also calls for both parties to say nothing negative about the other party.
Authority members told the Reporter that they have several good candidates for the job already in mind.