The Amarillo Economic Development Corporation (AEDC) board of directors has selected a new president and chief executive officer following a multi-stage national search process. After entering executive session deliberations, the board voted to extend the role to Dr. Andreas Eckstein, marking a significant leadership transition for the organization.
The search process began last November when the AEDC board engaged the Chason Group to assist in identifying qualified candidates. Over the following months, nearly 30 individuals applied for the position. Working alongside the search firm, the board narrowed the field through several rounds of evaluation, ultimately advancing two finalists for final consideration. Board leadership credited both the Chason Group and staff from the City of Amarillo as well as AEDC personnel for their support throughout the process.
Board Chair Elliot McKinney noted that both finalists were highly qualified, making the decision particularly challenging for the board. He emphasized the strength of the candidate pool and expressed appreciation for the collaborative effort that guided the search to its conclusion.
During the meeting, board member Randy Burkett formally moved to extend an offer to Dr. Eckstein. The approved employment package includes a starting salary of $220,000, with the possibility of adjustment based on performance evaluations conducted by the board. In addition, the agreement provides eligibility for an annual performance bonus of up to 20 percent of base salary, depending on board assessment.
The compensation package also includes standard benefits aligned with City of Amarillo and AEDC policies, such as retirement contributions, insurance coverage, and paid time off. Additional provisions include a mobile phone and laptop, a monthly vehicle allowance of up to $500, and reimbursement of up to $15,000 in relocation expenses. The contract outlines a three-year term beginning on or around May 11, 2026, with automatic one-year renewals unless otherwise determined. Severance provisions include up to nine months of salary in the event of termination without cause.
Burkett highlighted Dr. Eckstein’s international background, noting his upbringing in Germany and current residence in Chicago, as well as his extensive experience in economic development.
The board also acknowledged interim president and CEO Doug Nelson, who served during the transition period and was among the final candidates considered for the permanent role. Nelson assumed the interim position following leadership changes at AEDC earlier in the year.
McKinney has been authorized to finalize the employment agreement with Dr. Eckstein. Once completed, the board expects to arrange a visit for him to meet community stakeholders in Amarillo ahead of an upcoming board meeting. Further details regarding the transition and Dr. Eckstein’s background are expected to be released as the appointment process concludes.
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