The board of directors of the Las Vegas Convention and Visitors Authority has reached a separation agreement with CEO Rossi Ralenkotter effective August 31.
The agreement includes a post-retirement consulting deal, a performance bonus, and a payout, along with his pension as a public employee.
The entire package is worth about $455,000.
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Ralenkotter will be succeeded as president and CEO by Chief Operating Officer Steve Hill, whose appointment takes effect on September 1.
Ralenkotter's resignation comes several months after an audit revealed questions about tens of thousands of dollars’ worth of travel.
Ralenkotter has worked for the LVCVA since the 1970s.