In 2006, Rainer became the ninth president of LifeWay, which is based in Nashville. 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. Kenneth A. Weber, the lawyer representing LifeWay, did not return repeated phone messages. 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. 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. Reach Holly Meyer at hmeyer@tennessean.com or 615-259-8241 and on Twitter @HollyAMeyer. Will you help? 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. 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. Prior to founding Church Answers, Thom served as president and CEO of LifeWay … 1. 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. The back and forth may be part of a bigger problem for the LifeWay board of trustees: the Christian publisher’s steep financial challenges. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. 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 … That’s a lot of money to pay someone who presided over the collapse of Lifeway’s … Rainer, a best-selling author himself, also runs a business called Church Answers. LifeWay Christian Resources President Thom S. Rainer introduced to Southern Baptists MinistryGrid.com, a subscription-based, online leadership development platform that … LifeWay lawsuit against former CEO Thom Rainer remains on file "Rainer has agreed to honor the transition agreement, including the non-compete clause. All rights reserved. Thom Rainer reportedly breached his contract, which barred him from doing business with any LifeWay competitors until October 31, 2021. Under terms of a transition agreement, he was prohibited from working with a competitor for 12 months after his retirement, LifeWay … Yes, $1,000,000. 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. Please sign. © 2021 www.tennessean.com. As president-elect, Rainer will begin working alongside LifeWay … Rainer's transitional contract was put in place after he announced in August 2018 his plans to retire. I regret to inform you that @LifeWay has gone back on their word and will continue with their lawsuit against @ThomRainer. Rainer stayed on through the transition and is currently LifeWay's chief advisory officer. This role is slated to end on Oct. 31, the lawsuit states. Rainer said he was surprised by the lawsuit. 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. READ: Southern Baptist publisher LifeWay halts suit against former CEO Thom Rainer. Thom Rainer announces retirement from LifeWay - Baptist Press "We’re thankful Dr. Rainer agreed to honor his word and commitment to LifeWay, which has been our goal from the beginning. All rights reserved. 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 … The SBC’s 2018 Annual Report revealed that in 2017, they dropped LifeWay… In 2019, LifeWay named Colorado pastor Ben Mandrell as its new president and CEO. Under terms of a transition agreement, he was … 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. 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. 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 … LifeWay has agreed to withdraw the lawsuit and the appropriate paperwork is expected to be filed Wednesday, said Carol Pipes, LifeWay spokeswoman. What is St. Matthew’s, the church Biden will attend on Inauguration Day? https://sbcvoices.com/breaking-news-from-lifeway-thom-rainer-to-seek-peace 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. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. READ: Southern Baptist publishing arm, LifeWay, announces cuts due to COVID-19. But Rainer left earlier than that because the CEO search went relatively fast and Rainer … On Thursday, Rainer told RNS he had been returning his salary for the past four months at Mandrell’s request. His bestselling books and other projects make a lot of money 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. LifeWay Christian Resources has resolved its dispute with Thom Rainer out of court after suing the former president for breach of contract. 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 settlement agreement comes after discussions Monday. LifeWay filed a lawsuit Monday in Williamson County, Tennessee, chancery court, alleging Rainer had violated his transition agreement with LifeWay by publishing with a … 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… “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. Rainer… (He continues to serve as chief advisory officer at LifeWay until Oct. 30, with a salary and a company car. Under terms of a transition agreement, he was prohibited from working with a competitor for 12 months after his retirement, LifeWay … 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. 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. LifeWay Christian Resources President Thom S. Rainer introduced to Southern Baptists MinistryGrid.com, a subscription-based, online leadership development platform that will have … 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. 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 … 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. 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. Thom Rainer is one of LifeWay’s cash cows, likely alongside Beth Moore. Thom S. Rainer has authored more than a dozen books addressing church health and growth and pastoral leadership. The partnership with the Illinois-based Tyndale included a multi-book, multi-year agreement for Rainer. “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. The non-compete clause is valid until Oct. 31, 2021. In a joint statement released Tuesday, the Southern Baptist Convention's publishing arm and Rainer announced they have reached an amicable resolution. He agreed to remain LifeWay's CEO until a successor took over. 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. 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… He is the founder and CEO of Church Answers, an online community and … 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. In a joint statement released Tuesday, the … Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. ), 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 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. Todd Fannin, chairman of the … But a clerk at the Williamson County court said the lawsuit has not been withdrawn as of Friday afternoon. The resolution comes about a week after LifeWay sued Rainer in Williamson County Chancery Court. (RNS) — First it sued its former CEO. LifeWay Christian Resources has resolved its dispute with Thom Rainer out of court after suing the former president for breach of contract. "I am grateful to have this resolution between LifeWay and me. Thom Rainer, who announced his plan to retire as president and CEO in 2018, still serves as chief advisory officer for LifeWay. During his tenure, LifeWay sold its former downtown Nashville campus and moved to its new headquarters just blocks away. 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 … Photo by Chad Baumer, courtesy of LifeWay. https://t.co/dhoYGIIS02, — Sam Rainer (@SamRainer) October 2, 2020. Then it said it would seek a negotiated settlement. It was also recognized as a Monthly Best Seller, a Gold Medallion Award winner, and a Platinum Book Award winner by the Evangelical Chr… Bible Studies for Life: Connected - Bible Study Book. Digital. It is understandable that … Under terms of a transition agreement, he was … Meanwhile, a change.org petition calls on LifeWay trustees to “resolve their conflicts with Rainer out of court.”. 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 … The LifeWay corporate offices in Nashville. 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. The trustees and Dr. Rainer are looking forward to putting this behind us.". Under terms of a transition agreement, he was … Thom S. 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