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CAREDF CEO Barry Albrecht Announces Resignation

Dépèche transmise le 17 octobre 2011 par Business Wire

CASA GRANDE, Ariz.--(BUSINESS WIRE)--Barry Albrecht, CEO of the Central Arizona Regional Economic Development Foundation (CAREDF), has informed the Board of Directors of his resignation. Albrecht has accepted a position as President of the Lawton Industrial Foundation in Oklahoma, where he will be closer to his family.

“Albrecht has long been a valued supporter of the Aerospace and Defense community in Arizona,“ said Robin Sobotta, Commissioner of the Arizona Aerospace and Defense Commission.”

"I want to thank the Board of Directors of CAREDF for the honor of serving the citizens of Pinal County and the state of Arizona," Albrecht said. Albrecht joined CAREDF in March 2008, and in less than two years led an unprecedented overhaul of how CAREDF operates, bringing fiscal stability and advancing a series of projects that has resulted in thousands of quality new jobs for Pinal County.

As CEO of CAREDF, he has been involved in a wide array of new industry locates to include: Monsanto R&D lab, Ritchie Brothers, Republic Plastics and Mid States distribution. As an economic development practitioner, Barry has been directly involved in the recruitment, relocation and expansion of numerous high tech and defense companies which accounted for thousands of new high tech related jobs for Arizona. Projects include: TRW, Northrop Grumman, Raytheon, ISIS Corp., Lockheed Martin and numerous unmanned aerial vehicle programs.

“The state of Arizona and our communities have gone through some of the most challenging economic times in history,” said Morris Mennenga, president of CAREDF. “Barry has led us through these challenges and has launched our region into the global marketplace with a new, sophisticated image that our communities have deserved.”

"In challenging times, we brought stability and credibility to the CAREDF organization by making every dollar count, by delivering long overdue improvements and by providing the community a better understanding of the value of regionalizing our economic development dollars," said Albrecht.

“Albrecht has long been a valued supporter of the Aerospace and Defense community in Arizona,“ said Robin Sobotta, Commissioner of the Arizona Aerospace and Defense Commission. "It has been my privilege to work with him in supporting the continued growth of A&D, where he has been particularly instrumental in helping to promote a shared vision for unmanned aircraft systems in Arizona."

“Barry has brought true value to Eloy economic development efforts. He is a great example of what a cooperative spirit is all about,” said Rick Miller, Director of the Economic Development Group of Eloy.

CAREDF is a nonprofit corporation designed as a regional partnership between the public and private sectors. The corporation’s purpose is to improve and promote the economies of Casa Grande, Coolidge, Eloy and Pinal County through job creation. CAREDF is funded through memberships from the public and private sectors. To learn more about CAREDF, please visit www.caredf.org or call 520-836-6868.

Business Wire

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