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. Reach Holly Meyer at firstname.lastname@example.org or 615-259-8241 and on Twitter @HollyAMeyer. Thom S. Rainer has authored more than a dozen books addressing church health and growth and pastoral leadership. 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. "Rainer has agreed to honor the transition agreement, including the non-compete clause. Rainer, a best-selling author himself, also runs a business called Church Answers. He is the founder and CEO of Church Answers, an online community and … 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 … Rainer… All rights reserved. Please sign. 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. 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 … 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. Then it said it would seek a negotiated settlement. “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. ), 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.”. LifeWay Christian Resources has resolved its dispute with Thom Rainer out of court after suing the former president for breach of contract. What is St. Matthew’s, the church Biden will attend on Inauguration Day? 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 … 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. 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. Prior to founding Church Answers, Thom served as president and CEO of LifeWay … 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. 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. Under terms of a transition agreement, he was … Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. That’s a lot of money to pay someone who presided over the collapse of Lifeway’s … "We’re thankful Dr. Rainer agreed to honor his word and commitment to LifeWay, which has been our goal from the beginning. Rainer said he was surprised by the lawsuit. But Rainer left earlier than that because the CEO search went relatively fast and Rainer … Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. Kenneth A. Weber, the lawyer representing LifeWay, did not return repeated phone messages. (He continues to serve as chief advisory officer at LifeWay until Oct. 30, with a salary and a company car. His bestselling books and other projects make a lot of money for LifeWay. In a joint statement released Tuesday, the Southern Baptist Convention's publishing arm and Rainer announced they have reached an amicable resolution. 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 2006, Rainer became the ninth president of LifeWay, which is based in Nashville. https://t.co/dhoYGIIS02, — Sam Rainer (@SamRainer) October 2, 2020. As president-elect, Rainer will begin working alongside LifeWay … 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. During his tenure, LifeWay sold its former downtown Nashville campus and moved to its new headquarters just blocks away. LifeWay has agreed to withdraw the lawsuit and the appropriate paperwork is expected to be filed Wednesday, said Carol Pipes, LifeWay spokeswoman. 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 … 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. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. Meanwhile, a change.org petition calls on LifeWay trustees to “resolve their conflicts with Rainer out of court.”. Photo by Chad Baumer, courtesy of LifeWay. Under terms of a transition agreement, he was prohibited from working with a competitor for 12 months after his retirement, LifeWay … 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 … 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. I regret to inform you that @LifeWay has gone back on their word and will continue with their lawsuit against @ThomRainer. 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. Under terms of a transition agreement, he was … 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. 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 … Rainer's transitional contract was put in place after he announced in August 2018 his plans to retire. LifeWay Christian Resources President Thom S. Rainer introduced to Southern Baptists MinistryGrid.com, a subscription-based, online leadership development platform that will have … LifeWay lawsuit against former CEO Thom Rainer remains on file 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 SBC’s 2018 Annual Report revealed that in 2017, they dropped LifeWay… Will you help? LifeWay filed a lawsuit Monday in Williamson County, Tennessee, chancery court, alleging Rainer had violated his transition agreement with LifeWay by publishing with a … The LifeWay corporate offices in Nashville. If Thom Rainer’s could say is true, then LifeWay did this reinventing with way less money from their denomination. It is understandable that … 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. 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… Digital. All rights reserved. Thom Rainer is one of LifeWay’s cash cows, likely alongside Beth Moore. 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. 1. Under terms of a transition agreement, he was prohibited from working with a competitor for 12 months after his retirement, LifeWay … Todd Fannin, chairman of the … The back and forth may be part of a bigger problem for the LifeWay board of trustees: the Christian publisher’s steep financial challenges. 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. In 2019, LifeWay named Colorado pastor Ben Mandrell as its new president and CEO. Under terms of a transition agreement, he was … (RNS) — First it sued its former CEO. Under terms of a transition agreement, he was … 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. “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. Use of and/or registration on any portion of this site constitutes acceptance of our. READ: Southern Baptist publisher LifeWay halts suit against former CEO Thom Rainer. https://sbcvoices.com/breaking-news-from-lifeway-thom-rainer-to-seek-peace The trustees and Dr. Rainer are looking forward to putting this behind us.". Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. Bible Studies for Life: Connected - Bible Study Book. This role is slated to end on Oct. 31, the lawsuit states. Yes, $1,000,000. On Thursday, Rainer told RNS he had been returning his salary for the past four months at Mandrell’s request. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. Thom Rainer announces retirement from LifeWay - Baptist Press He agreed to remain LifeWay's CEO until a successor took over. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. "I am grateful to have this resolution between LifeWay and me. The resolution comes about a week after LifeWay sued Rainer in Williamson County Chancery Court. The partnership with the Illinois-based Tyndale included a multi-book, multi-year agreement for Rainer. Rainer stayed on through the transition and is currently LifeWay's chief advisory officer. The non-compete clause is valid until Oct. 31, 2021. 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. 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… The settlement agreement comes after discussions Monday. 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 … In addition, LifeWay was exploring the sale of its Ridgecrest Conference Center and Summer Camps near Asheville, North Carolina. Meet Thom Rainer, Founder, CEO, & Lead Coach at Church Answers. Thom Rainer reportedly breached his contract, which barred him from doing business with any LifeWay competitors until October 31, 2021. LifeWay Christian Resources has resolved its dispute with Thom Rainer out of court after suing the former president for breach of contract.
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