Under terms of a transition agreement, he was … Thom S. Rainer is an American writer, researcher, speaker, and former president and CEO of LifeWay Christian Resources, an entity of the Southern Baptist Convention in Nashville, Tennessee. READ: Southern Baptist publishing arm, LifeWay, announces cuts due to COVID-19. The $1,000,000-plus severance package given to former LifeWay CEO Thom Rainer was kept secret from many trustees including the Compensation Committee and the board executive committee by former LifeWay … Thom Rainer reportedly breached his contract, which barred him from doing business with any LifeWay competitors until October 31, 2021. In a joint statement released Tuesday, the … Reach Holly Meyer at hmeyer@tennessean.com or 615-259-8241 and on Twitter @HollyAMeyer. Then by Friday, LifeWay Christian Resources, the Southern Baptist Convention’s publishing arm, appeared to be going ahead with a lawsuit against Thom Rainer, its former president and CEO, for violating a noncompete clause in his contract. He has agreed not to move forward with his business partnership with Tyndale House Publishers, which was a violation of his non-compete agreement," the statement said. 1. Thom S. Rainer Founder, CEO, & Lead Coach Over the past several years, many pastors and church leaders have started hiring consultants to help them wade through a variety … https://sbcvoices.com/breaking-news-from-lifeway-thom-rainer-to-seek-peace Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. It alleges that in reneging on his noncompete contract, Rainer caused LifeWay “irreparable harm” and that damages “are not an adequate remedy.”, On Monday (Sept. 28) a lawyer for LifeWay filed a suit in chancery court in Williamson County, Tennessee. LifeWay Christian Resources President Thom S. Rainer introduced to Southern Baptists MinistryGrid.com, a subscription-based, online leadership development platform that … Thom Rainer is one of LifeWay’s cash cows, likely alongside Beth Moore. Rainer's transitional contract was put in place after he announced in August 2018 his plans to retire. The back and forth may be part of a bigger problem for the LifeWay board of trustees: the Christian publisher’s steep financial challenges. That’s a lot of money to pay someone who presided over the collapse of Lifeway’s … As president-elect, Rainer will begin working alongside LifeWay … (RNS) — First it sued its former CEO. The non-compete clause is valid until Oct. 31, 2021. LifeWay has agreed to withdraw the lawsuit and the appropriate paperwork is expected to be filed Wednesday, said Carol Pipes, LifeWay spokeswoman. He is the founder and CEO of Church Answers, an online community and … And Rainer’s son, Sam Rainer, wrote in a tweet that LifeWay “has gone back on its word and will continue with their lawsuit.”, Please, please pray. The partnership with the Illinois-based Tyndale included a multi-book, multi-year agreement for Rainer. He agreed to remain LifeWay's CEO until a successor took over. Thom Rainer announces retirement from LifeWay - Baptist Press Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. The company cited the coronavirus as contributing to a revenue shortfall of 24% compared with the same period last year, largely due to a sharp drop in bulk orders from churches for resources such as Sunday school curricula, Bible study materials, and Vacation Bible School curricula. suing the former president for breach of contract, LifeWay sued Rainer in Williamson County Chancery Court, After suing former president, LifeWay Christian Resources reverses course on contract dispute, LifeWay Christian Resources sues former president Thom Rainer for breach of contract, Your California Privacy Rights / Privacy Policy. More:After suing former president, LifeWay Christian Resources reverses course on contract dispute, More:LifeWay Christian Resources sues former president Thom Rainer for breach of contract, "Our prayer has always been that this could be resolved between LifeWay and Dr. Rainer amicably," Trustee Board Chairman Todd Fannin said in the joint statement. ), Then on Wednesday, Todd Fannin, chair of LifeWay’s board of trustees, issued an update saying that “both parties are currently exploring the possibility of an agreed upon resolution of the differences.”. In a lawsuit filed Monday in Tennessee, LifeWay Christian Resources accuses ex-CEO Thom Rainer of breaching his contract with them by agreeing to a “multi-book, multiyear … Meanwhile, a change.org petition calls on LifeWay trustees to “resolve their conflicts with Rainer out of court.”. LifeWay lawsuit against former CEO Thom Rainer remains on file The LifeWay corporate offices in Nashville. Photo by Chad Baumer, courtesy of LifeWay. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. It is understandable that … Use of and/or registration on any portion of this site constitutes acceptance of our. If Thom Rainer’s could say is true, then LifeWay did this reinventing with way less money from their denomination. Last year, LifeWay announced plans to close all its retail stores and in April said it will cut roughly 10% of its $281.3 million operating budget through staff reductions, a hiring freeze, and salary cuts. Under terms of a transition agreement, he was … The peddler of theological poison known as LifeWay Christian Resources, the publishing arm of the Southern Baptist Convention and publisher of all things Beth Moore, announced late Tuesday that they’ve reached an amicable agreement with former President Thom Rainer… LifeWay filed a lawsuit Monday in Williamson County, Tennessee, chancery court, alleging Rainer had violated his transition agreement with LifeWay by publishing with a … But now LifeWay Christian Resources, the Southern Baptist Convention’s publishing arm, appears to be going ahead with a lawsuit against Thom Rainer, its former president and CEO, for violating a noncompete clause in his contract. In a joint statement released Tuesday, the Southern Baptist Convention's publishing arm and Rainer announced they have reached an amicable resolution. The SBC’s 2018 Annual Report revealed that in 2017, they dropped LifeWay… LifeWay Christian Resources has resolved its dispute with Thom Rainer out of court after suing the former president for breach of contract. Todd Fannin, chairman of the … The complaint accused Rainer, who founded Church Answers, of violating his transitional contract with LifeWay by partnering with Tyndale, a Christian publisher and LifeWay competitor. "I am grateful to have this resolution between LifeWay and me. The settlement agreement comes after discussions Monday. The trustees and Dr. Rainer are looking forward to putting this behind us.". Kenneth A. Weber, the lawyer representing LifeWay, did not return repeated phone messages. © 2021 www.tennessean.com. LifeWay Christian Resources has resolved its dispute with Thom Rainer out of court after suing the former president for breach of contract. NASHVILLE (BP) — LifeWay Christian Resources has decided not to proceed with a breach of contract lawsuit against the SBC entity’s former president Thom Rainer, but will instead seek to … Yes, $1,000,000. “LifeWay is mitigating these losses as much as possible through various expense reduction plans, including staff reductions and cuts in non-employee expenses.”, The lawsuit against Rainer is likely the fallout of that financial crunch. Thom S. Rainer has authored more than a dozen books addressing church health and growth and pastoral leadership. Meet Thom Rainer, Founder, CEO, & Lead Coach at Church Answers. Then it said it would seek a negotiated settlement. Rainer stayed on through the transition and is currently LifeWay's chief advisory officer. "Rainer has agreed to honor the transition agreement, including the non-compete clause. “LifeWay stands to lose tens of millions of dollars of revenue that the organization would normally generate over the summer months from camps, events, VBS, and ongoing curriculum sales,” Ben Mandrell, LifeWay’s CEO, said in a news release at the time. For example, a dispute between former Lifeway CEO Thom Rainer and Lifeway’s current management and trustees revealed Lifeway paid Rainer over $1,000,000 in severance. Read the homily Joe Biden heard Inauguration Day morning, Joe Biden’s family Bible anchors faith-infused inaugural events, This MLK Day, white evangelicals again have a choice to make on racial justice, The Rev. READ: Southern Baptist publisher LifeWay halts suit against former CEO Thom Rainer. Under terms of a transition agreement, he was … In addition, LifeWay was exploring the sale of its Ridgecrest Conference Center and Summer Camps near Asheville, North Carolina. In 2019, LifeWay named Colorado pastor Ben Mandrell as its new president and CEO. The NDA/NC assumes Rainer stayed on as Chief Advisory Officer until Oct 31, 2020, which is a year after he was to resign "no later than" after Lifeway found a new CEO. I look forward to once again focusing on serving local churches and those who serve them," Rainer said in a separate statement provided Tuesday to The Tennessean. Under terms of a transition agreement, he was prohibited from working with a competitor for 12 months after his retirement, LifeWay … Rainer… Will you help? The resolution comes about a week after LifeWay sued Rainer in Williamson County Chancery Court. UPDATE: LifeWay Christian Resources has decided not to proceed with a breach of contract lawsuit against the SBC entity’s former president Thom Rainer, but will instead seek to resolve … It alleged that Rainer had signed a multibook, multiyear agreement with Tyndale, a competing Christian publisher, in violation of a noncompete clause in his contract. https://t.co/dhoYGIIS02, — Sam Rainer (@SamRainer) October 2, 2020. NASHVILLE (BP)—After seeming to reverse course on a lawsuit against former president and CEO Thom Rainer, LifeWay Christian Resources said it will not officially withdraw … Digital. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. Rainer, a best-selling author himself, also runs a business called Church Answers. This role is slated to end on Oct. 31, the lawsuit states. Rainer said he was surprised by the lawsuit. NASHVILLE, Tenn. (BP)–Trustees of LifeWay Christian Resources unanimously approved the election of Thom S. Rainer to become the ninth president of the Southern Baptist entity Sept. 12. He is the author of several best selling books, including I Am a Church Member, named a CBA #1 Best Seller and Monthly Best Seller. But Rainer left earlier than that because the CEO search went relatively fast and Rainer … (He continues to serve as chief advisory officer at LifeWay until Oct. 30, with a salary and a company car. LifeWay Christian Resources President Thom S. Rainer introduced to Southern Baptists MinistryGrid.com, a subscription-based, online leadership development platform that will have … But now LifeWay Christian Resources, the Southern Baptist Convention’s publishing arm, appears to be going ahead with a lawsuit against Thom Rainer, its former president and … Under terms of a transition agreement, he was prohibited from working with a competitor for 12 months after his retirement, LifeWay … Under terms of a transition agreement, he was … All rights reserved. I regret to inform you that @LifeWay has gone back on their word and will continue with their lawsuit against @ThomRainer. Prior to founding Church Answers, Thom served as president and CEO of LifeWay … During his tenure, LifeWay sold its former downtown Nashville campus and moved to its new headquarters just blocks away. With nearly 40 years of ministry experience, Thom S. Rainer has spent a lifetime committed to the growth and health of the local church and her leaders. On Thursday, Rainer told RNS he had been returning his salary for the past four months at Mandrell’s request. William Barber II to headline interfaith inauguration prayer service, From the Capitol to critical race theory, white Christians grieve declining hegemony, Liberty University sues governor over financial aid changes, Southern Baptist leaders meet after critical race theory document caused controversy, © Copyright 2020, Religion News Service. It was also recognized as a Monthly Best Seller, a Gold Medallion Award winner, and a Platinum Book Award winner by the Evangelical Chr… In a leaked internal email sent to all Lifeway Employees on October 3,2020 and obtained exclusively by Protestia, details have emerged in the form of an “executive summary” and “background information” which reveals details and a timeline of LifeWays decision to sue outgoing President Thom Rainer LifeWay’s and Rainer… "We’re thankful Dr. Rainer agreed to honor his word and commitment to LifeWay, which has been our goal from the beginning. Please sign. But a clerk at the Williamson County court said the lawsuit has not been withdrawn as of Friday afternoon. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. In 2006, Rainer became the ninth president of LifeWay, which is based in Nashville. What is St. Matthew’s, the church Biden will attend on Inauguration Day? 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