U.S. Olympic Committee CEO plans to step down
Last Updated: Wednesday, October 7, 2009 | 12:08 PM ET
CBC Sports
Stephanie Streeter announced Wednesday she will step down from her post as acting CEO of the U.S. Olympic Committee in the next five months.
She will not seek a permanent spot as CEO and will leave before the end of the Vancouver Paralympics in March.
The announcement comes less than a week after Chicago was embarrassingly eliminated in the first round of IOC voting that decided the host of the 2016 Summer Olympics.
The USOC leadership received a lot of blame for Chicago's surprise exit. The city, along with eventual winner Rio de Janeiro, was supposed to be a frontrunner to host the Games.
On the same day as Chicago's exit, leaders of America's Olympic sports organizations completed a survey that didn't flatter Streeter.
A vote of 40-0 responded no to the question, "Do you believe the acting CEO has the ability to be an effective leader of the Olympic movement?"
"We were disappointed when she told us she did not want to be considered for the CEO position," chair Larry Probst said. "She's done an excellent job and we're all very grateful for her many contributions to the U.S. Olympic movement."
Streeter took the job after Jim Scherr was forced to resign in March. She said her reason for stepping down was to rejoin the corporate world.
The USOC said that by the end of the month it will form a committee and hire a national recruiting firm to find Streeter's replacement, which will be the third CEO at the USOC in around a year. Scherr was CEO for six years before his resignation.
With files from The Associated Press
