Blackbaud Inc.’s chief financial officer will earn an additional $360,000 for serving as interim president and CEO of the Daniel Island-based technology company.
Terms of the pay agreement between the board of directors and Anthony W. Boor were disclosed in a filing with the Securities and Exchange Commission.
Blackbaud struck a written deal with Boor on Wednesday regarding his compensation for his temporary additional duties.
He’ll be paid $60,000 per calendar month from Septmeber through February, in addition to his $375,000 salary as senior vice president and chief financial officer. Boor will receive the extra payments even if Blackbaud’s board hires a new CEO before Feb. 28.
Boor, 50, joined the company as its finance chief in November 2011.
He was tapped as interim CEO after Marc Chardon stepped down at the end of August. Chardon’s average monthly salary was about $51,100 this year.
Blackbaud develops software and services for nonprofit organizations and is considered the largest company within its industry.
The firm reports its third-quarter earnings on Wednesday.
Notice about comments: