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Waitr president steps down

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Posted at 10:19 AM, Sep 13, 2019

Waitr President Joseph Stough has resigned from the food delivery company just a month after founder Chris Meaux stepped down as CEO and was named chairman, according to The Advocate.

Stough was president and chief operating officer for Waitr since 2017 until mid-June this year.

At that time, Adam Price, now CEO of Waitr replacing Meaux, was promoted to chief operating officer. Stough retained the title of president until this week.

Stough will continue to be paid his salary until March of next year. His base salary in 2018 was $215,268, but his total executive compensation was $640,702, The Advocate reports.

Read more by The Advocate.