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Toll Roads CEO Resigns

Neil Peterson has signaled his willingness to step down but the resignation must be approved by the boards overseeing the Foothill/Eastern Transportation Corridor Agency and the San Joaquin Hills Transportation Corridor Agency.

Cash tolls like these are soon a thing of the past. And so is the Toll Roads' CEO. Patch file photo.
Cash tolls like these are soon a thing of the past. And so is the Toll Roads' CEO. Patch file photo.

Originally posted at 3:01 p.m. March 11, 2014. Edited to add more details.

The boards overseeing Orange County's toll roads are set Thursday to approve the resignation of their chief executive.

Transportation Corridor Agencies CEO Neil Peterson has signaled his willingness to step down but the resignation must be approved by the boards overseeing the Foothill/Eastern Transportation Corridor Agency and the San Joaquin Hills Transportation Corridor Agency.

The boards for both agencies will meet Thursday morning to discuss paying Peterson $78,845 in compensation and benefits while he is on leave until June 5, according to a staff report to the boards.

Peterson was hired last June as chief executive of the two agencies. The Foothill/Eastern Transportation Corridor Agency manages the 133, 241, and 261 toll roads, while the San Joaquin Hills agency manages the 73 Toll Road.

Peterson's settlement agreement with his employers includes giving him the opportunity to "personally clear out his office," and to maintain the "contacts" on his work cell phone and e-mail.

Peterson's resignation will be kept confidential, unless it becomes part of litigation. Future employers seeking references will only be told when he was hired and when he resigned.

The Orange County Register reported Peterson was put on leave last month when it came to light he and Foothill/Eastern Agency board chairwoman Lisa Bartlett approved major contracts worth tens of thousands of dollars by using a budget loophole.

--City News Service

Matt Crouse March 11, 2014 at 07:15 PM
The TCA executive row is a revolving door of kooks and crooks fleecing the county. They produce nothing, they accomplish nothing, they're constantly floundering in debt and making no progress. Next stop for Peterson: Great Park oversight committee chairman.
Lawrence (Larry) McCook March 11, 2014 at 08:44 PM
Matt, I agree with your revolving door statement but, I am not sure about classifying formers as you have. I met Mr. Peterson and he seemed like a nice man. There is no easy solution for anyone coming in to help improve the financials on our local toll roads.
Shawn Gordon March 11, 2014 at 10:52 PM
John Wayne Gacy "seemed like a nice man" too, sheesh Larry. These toll roads are so unbelievably mismanaged, so short sighted, the only thing the execs care about is padding their own pockets and getting their friends and family on the vendor list for easy money. Drop all the tolls to 2000 levels for a year and cut the fat in management. You'll make more money, I guarantee it. I just cancelled my transponder. I couldn't reach anyone on the phone, and the email took a week for them to return. The only thing they respond to quickly is negative feedback on their facebook page.
Chip Long March 12, 2014 at 09:33 AM
great . . . he is on a paid leave of absence (vacation). Fire him instead of rewarding him. Most dishonest people appear as nice people ... that's how the deceive and steal from you.
ace March 12, 2014 at 01:42 PM
Now he can start getting his HUGE Public pension and retire to a nice island.. Govt gone WILD.

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