USOC to begin search for CEO, Streeter won’t be considered

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The Board of Directors of the U.S. Olympic Committee announced this morning that interim CEO Stephanie Streeter will not be a candidate for the CEO position.

Streeter

Streeter

The announcement comes days after Chicago lost its bid to host the 2016 Olympics.

A statement from the USOC says Streeter told officials she did not wish to be considered for the position.

Streeter replaced then CEO Jim Scherr, who resigned seven months ago.

Streeter’s principal initiative was the creation of a New York City-based marketing organization, headed by former NFL marketer Lisa Baird. In addition, she successfully reduced expenses by 17 percent while exceeding budgeted revenue by 10 percent.

However, her short tenure was marked by some controversy, including criticism over the creation of an Olympic television network, reports that her salary was substantially higher than that of her predecessor, and multiple layoffs as a result of the faltering economy.

The USOC will launch a national search for her successor at the end of this month.

One Response to USOC to begin search for CEO, Streeter won’t be considered

  1. Gee …… hard to believe! She did such a lousy job …..and made $560k for it! What a joke.

    RJF
    October 7, 2009 at 12:44 pm