POSTED: September 28th 2008
NewsUpdate
USOC chairman post on agenda
Special Correspondent / Sports Features Communications
COLORADO SPRINGS, Colorado: The US Olympic Committee board of directors could select a new chairman for outgoing Peter Ueberroth when it convenes Thursday.
His term ends this year however he will stay with the USOC as an honorary member with a non-voting capacity and be active internationally with the Chicago 2016 bid.
The USOC announced that the 10-member board would hold a conference call meeting and discuss the selection process. If talks are successful then potentially a vote could be taken as the USOC hopes to make a decision prior to its annual assembly coming right up on October 8-12 in Orlando, Florida.
A decision on the chairman's position will be taken by a majority vote.
Members currently serving on the board are Bob Bowlsby, Anita DeFrantz, James Easton, John Hendricks, Jair Lynch, Mary McCagg, Mike Plant and Stephanie Streeter.
Recently Xerox president Ursula Burns, and Larry Probst, Chairman of the Board of Directors of Electronic Arts (EA), were nominated to the exclusive group to take the places of outgoing members Ueberroth and Erroll Davis.
An important point on the agenda for the meeting is a discussion on the how the global financial crunch could impact the USOC revenue streams. Key to this will be the negotiation of the US TV rights and sponsorships for the 2014 and 2016 Olympic Games and already a bid war is stirring among American networks.
With an average annual budget of around $150m, keeping the financing flowing will be a priority for the new chairman.
Keywords · USOC · Peter Ueberroth · Chicago 2016
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