HOUSTON — Reynolds and Reynolds Co. CEO Tommy Barras testified Thursday that he had no doubts that Bob Brockman, his predecessor in the role at the dealership management system giant, was capable of leading the company.
Barras, who took over as CEO at privately held Reynolds and Reynolds after Brockman stepped down from the chairman and CEO roles in November 2020, testified on the fourth day of Brockman's competency hearing in federal court in Houston that he has known and worked with Brockman for decades. Brockman, Barras testified, remained involved in all important company decisions after Barras was promoted to be Reynolds' president in June 2020.
He testified that it was Brockman who decided to make Barras president of Dayton, Ohio-based Reynolds, as well as chairman and CEO that November. A prosecutor asked Barras about his compensation before he became CEO and his current compensation. Barras testified that his compensation before taking the CEO job was in the $600,000 range and his current compensation is “about $11 million.”