Retiring CEO of Development Corporation of Abilene to serve as interim

POSTED: 12:58 PM Jan 31 2014   UPDATED: 5:20 PM Jan 31 2014
ABILENE, Texas -

The outgoing CEO of the Development Corporation of Abilene will serve as interim CEO for at least the next three months.

Richard Burdine will retire Feb. 28 after serving as CEO of the DCOA for 10 years.

He's been asked to serve as interim CEO until a replacement is found. 

Burdine's contract is for three months, starting March 1 – with an option to extend on a month-to-month basis.

He'll be paid $15,293 a month, which comes out to $183,516 a year, plus benefits.

That is the same salary he currently is receiving as CEO.