Interim USOC CEO to give up post

October 7, 2009 8:51:58 AM PDT
Stephanie Streeter, the interim CEO of the U.S. Olympic Committee, will not seek to retain the position following the loss of Chicago's 2016 Olympic bid.The USOC board of directors announced a new search for its next CEO Wednesday.

"When we asked Stephanie to serve as Acting Chief Executive Officer in March, we did so knowing of her strong management skills and mindful that the USOC was at a critical juncture in many ways - facing the economic crisis, preparing for the Vancouver 2010 Games, and supporting Chicago in its bid to host the 2016 Games," said USOC Chairman Larry Probst in a statement. "She graciously agreed to take on the challenge and has been an outstanding chief executive."

Probst said the board was disappointed by Streeter's decision not to stay on board.

"I've enjoyed my tenure as Acting CEO, and I'm proud of everything my team and I were able to accomplish," Streeter said in the statement. "But now is the right time for me to explore new opportunities in the corporate sector where I've spent my entire career. I'm grateful for the opportunity I had and the support I received from the Board, staff and athletes. I firmly believe that together we've put the USOC in a strong financial and operating position for the future."


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