POSTED: April 19th 2009
NewsUpdate

Reward in sight for Streeter

SPECIAL CORRESPONDENT / Sports Features Communications

COLORADO SPRINGS: Stephanie Streeter’s reward for helping broker a cash compromise with the International Olympic Committee is to move within touching distance of confirmation as chief executive of the United States Olympic Committee.

Streeter has now resigned from the USOC's board of directors after taking on the role of acting ceo in place of Jim Scherr early this year.

In that capacity she helped negotiate, in Denver last month, a deal with the IOC which will, it is hoped, ease concerns abroad about the imbalance over the USOC’s share of the Games’ commercial revenues. That would assist Chicago’s bid to beat off competition from Madrid, Rio de Janeiro and Tokyo in the race to host the 2016 Olympics.

Streeter is to move to the USOC’s headquarters in Colorado Springs and is favourite to be confirmed in the job once the essential formalities of considering other possible candidates have been completed.

The USOC will headhunt possible candidates later this year but this means, in effect, that Streeter will remain in charge beyond the Winter Olympics in Vancouver next year.

USOC chair Larry Probst said: “We are extremely pleased with Stephanie's leadership of the organization. She stepped in during a challenging time for the USOC and has made an immediate and positive impact that is already strengthening our organization.  She has the full authority to direct the day-to-day operations of the USOC and the full support of the board of directors in doing so."

The nominating and governance committee will select an independent director to replace Streeter on the board.


Keywords · USOC · Streeter · IOC · Probst


For more information contact:
Laura Walden ()


All original materials contained in this section are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of Sports Features Communications, Inc the owner of that content. It is prohibited to alter or remove any trademark, copyright or other notice from copies of the content.