LifeWay Christian Resources and former CEO Thom Rainer have agreed to an amicable resolution of their differences after discussions on Monday, Oct. 5, 2020.
Under the settlement agreement, Rainer has agreed to honor the transition agreement, including the non-compete clause. He has agreed not to move forward with his business partnership with Tyndale House Publishers, which was a violation of his non-compete agreement.
“Our prayer has always been that this could be resolved between LifeWay and Dr. Rainer amicably,” said Trustee Board Chairman Todd Fannin. “We’re thankful Dr. Rainer agreed to honor his word and commitment to LifeWay, which has been our goal from the beginning. The trustees and Dr. Rainer are looking forward to putting this behind us.”