Scherr resigns as US Olympic Committee CEO

09:15, 06 March 2009
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Scherr first joined...

Jim Scherr is stepping down as chief executive officer of the US Olympic Committee effective March 31, the USOC said Thursday, according to AFP.

"The US Olympic Committee is a decidedly stronger and more effective organization today than it was six years ago, and that is due in large part to the leadership Jim Scherr has provided," USOC Chairman Larry Probst said in a statement announcing Scherr`s resignation.

"Jim guided our organization through a period of unprecedented challenge and change, and did so with an unwavering commitment to enabling America?s athletes to succeed on the field of play.

"We are indebted to Jim for his outstanding service to the US Olympic Movement, and wish him the very best for continued success.

Stephanie Streeter, a member of the USOC board of directors, was appointed interim CEO.

"Working from the strong foundation Jim has built, and with the dedicated staff at the USOC, Stephanie will make certain the organization is well-positioned to respond to the challenges that are immediately before us and enjoy continued success as we begin a new quadrennium," Probst said.

Scherr first joined the USOC in November 2000 as Senior Managing Director for Sport Resources following a highly successful tenure as Executive Director of USA Wrestling from 1990-2000.

In March 2003, he was asked to lead the day-to-day operations of the USOC as Interim Chief Executive Officer, and had the "interim" tag removed in April 2005.

In 2003-2004, Scherr guided the USOC through a reorganization of its governance and management structures, culminating with sweeping changes to the USOC Constitution and Bylaws and the appointment of a new, 11-person Board of Directors in May 2004.

"It has been an honor to serve the USOC in this capacity and to lead such a talented team that believes deeply in the mission of the organization," Scherr said. "Working together, we have accomplished things that may have seemed impossible six years ago. And in so doing, we have ensured that the future remains equally bright for the next generation of Olympic and Paralympic hopefuls, as well as young people whose lives will be bettered by the opportunity to participate in sport."

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