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Tim Newman Resigned From CRVA

Tim Newman has resigned from the Charlotte Regional Visitors Authority, where he served as CEO until being demoted last year. Under Newman's leadership, the CRVA came under scrutiny for its bonus and expense policies, as well as large deficits at the NASCAR Hall of Fame. Mayor Anthony Foxx and several city council members questioned Newman's salary and bonus package of about $300,000. The CRVA's new CEO, Tom Murray said Friday that Newman's resignation is the result of a "mutual decision." "He's been a big assistant to us to try to figure out how we want to move forward," said Murray. "We both mutually agreed the right thing for the organization was to structure the organization in a way that we're gonna announce next Monday and that did not include Tim." Murray would not say whether Newman will receive a severance package. The CRVA is partly funded by hotel and beverage taxes. Murray is scheduled to give an update on the CRVA's improvement plan to the city council at its meeting Monday evening.