KTEC board approves $318,000 separation agreement with CEO Taylor

? Tracy Taylor, president and chief executive officer of the Kansas Technology Enterprise Corp., will receive more than $300,000 in his separation deal with the agency, a board member said Friday.

State Rep. Doug Gatewood, D-Columbus, who is a member of the KTEC board, said Taylor’s separation deal was worth $318,000. He said Taylor has a contract with KTEC that runs through June 2010.

More details of the deal were not available. KTEC Board Chairman Kyle Elliott said the agency would issue a release about it later today.

The board also approved making Kevin Carr the interim chief executive officer, but said it hadn’t yet negotiated his salary. Carr is currently KTEC’s chief operations officer.

Taylor announced last month that he planned to leave KTEC at the end of this month.

A state-funded agency that started in 1987, KTEC’s mission is to grow the technology economy.

Taylor had been under fire from some state officials, who said KTEC was not accomplishing its mission. Taylor, however, had maintained that KTEC had done a good job nurturing high-tech development.

Before becoming secretary of health and human services, former Kansas Gov. Kathleen Sebelius vetoed KTEC’s funding. The Legislature later restored a reduced budget.

The KTEC board met Friday morning behind closed doors for three hours.

After the meeting, Elliott said a separation deal had been reached with Taylor but he declined to provide any information about it. Later in the day, several board members went to discuss KTEC issues with Gov. Mark Parkinson.