CVG beginning search for new top executive
Cincinnati/Northern Kentucky International Airport is in the market for a new CEO, with news that Candace McGraw will retire in June 2025.
The board that oversees CVG voted Tuesday to hire search firm Korn Ferry, under a $135,000 contract, to begin looking for her replacement immediately.
“We’re sorry to see Candace go,” Lisa Sauer, chair of the Kenton County Airport Board, said during the board's meeting.
“It’s big shoes to fill,” added Michael Bell of Korn Ferry. “Candace has an incredible reputation across this field.”
The board will aim to hire her replacement by this fall, with an early 2025 start date.
McGraw, calling her plans “a bittersweet decision,” said she appreciated the early appointment of Korn Ferry so she can work with the next CEO before she leaves June 30, 2025.
McGraw, 60, joined CVG in 2011 and earns a base salary of $280,000 a year. With incentive pay agreements, she’ll have earned more than $4 million since being hired, according to her contract.
She hinted at her coming retirement in a November interview with The Enquirer.
“There’s nobody in town that loves their job more than I do,” she said then, in a story about booming cargo business at CVG. “But I also think there’ll be a time when it will be time for a fresh set of eyes and fresh energy to take it to the next level.”
This article originally appeared on Cincinnati Enquirer: When will CVG's CEO retire?
