Navigator’s management board has voted unanimously to retain the company’s CEO and chief financial officer for another year, despite criticism that they had been underpaid and overworked.
The board’s decision, announced on Thursday, came after a month of negotiations between the two sides.
It was the latest step in a process that has been a long one, with the two parties agreeing on a salary and compensation package and the company going public in 2014.
The two parties have been negotiating for more to six years and the board said the board was “well-served by the process.”
But the board’s unanimous vote was an unexpected setback to Navigator CEO Richard Archer, who was under pressure to resign.
Archer’s chief financial executive, Michael C. Ruppert, was expected to leave the company, but his successor has not been named.
Navigator was acquired by Google for $3.8 billion in 2015, after Archer’s contract expired in 2018.