Wednesday, April 16 2014 10:54 PM EDT2014-04-17 02:54:16 GMT
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LOUISVILLE, Ky. (WDRB) -- Greater Louisville Inc. announced the resignation of Craig Richard on Monday. The president and CEO is leaving the company effectively immediately.
The company says Eileen Pickett, the former GLI senior vice president of economic development will take on Richard's responsible. This will be a temporary position as the chair and executive committee begins a search for potential candidates to replace Richard.
Pickett says she will not seek the position on a permanent basis.
WDRB's Chris Otts recently reported that Richard was expected to resign. Richard was expected to resign before the company's annual meeting on Tuesday, February 18. Otts's source spoke of a leadership change brewing for some time at GLI and told him that Richard had been placed on paid leave.
GLI's executive committee chair Kerry Stemler says "[GLI] wishes Craig the very best in the future." Stemler had previously told Chris Otts "I have a lot of respect for Craig and I'll leave it at that."