Well, it's official, Muni CEO Nathaniel Ford -- the highest paid man in San Francisco -- announced he will be leaving the transit agency at the end of the month.
Ford's departure was mutual between him and his boss -- the San Francisco Municipal Transportation Agency, the Chronicle is reporting. The governing board will meet next Tuesday in closed session to officially terminate his contract. His last day is June 30.
"We've agreed mutually that now is a good time for a change," Tom Nolan, chairman of the agency's governing board, told the Chronicle.
The news arrived a day after an arbitrator imposed a contract deal on the disgruntled union, which has historically had a tense relationship with Ford and Muni management. The contract will save more than $30 million over three years by freezing pay and streamlining the disciplinary process.
Ford, who earns $308,000 annually, will get a $384,000 severance pay, which includes one year of salary, vacation payout, and three extra months of health benefits.
SF Weekly put in a call to Ford, but has not yet heard back.
It's no surprise that Ford would be ready to leave San Francisco. He was up for a job to head the Metropolitan Washington Airports Authority in March, however that offer never came to fruition, making the last few months a little uncomfortable between Ford and his bosses.
Who will fill Ford's position now? We will tell you more when we learn more.