SOURCE: San Diego Regional Economic Development Corporation

San Diego Regional Economic Development Corporation

July 13, 2011 23:30 ET

San Diego Regional EDC Appoints Interim CEO Bill Geppert

SAN DIEGO, CA--(Marketwire - Jul 13, 2011) - San Diego Regional Economic Development Corporation (EDC) announced today that its Board of Directors has appointed William K. Geppert as Interim CEO of the organization. Geppert has agreed to serve in this post until the end of 2011 and is not a candidate for the permanent position.

"Bill served two terms as EDC's chairman and is very familiar with the organization's current structure," said EDC Chair Debbie Reed, CEO, Sempra Energy. "We are grateful to Bill for stepping into an interim role as our Search Committee identifies a permanent CEO."

"Bill is the ideal person to ensure that EDC's momentum on job creation over the past year is enhanced while the search for a new CEO continues," added Reed.

EDC's Executive Search Committee reconvened following the decision by Barry Broome to remain in Phoenix. The committee met Monday to discuss candidates committed to San Diego and to the organization's new regional jobs-development strategy. EDC has targeted growing 220,000 jobs by 2020 in partnership with industry associations representing life sciences, clean tech, communications, software, electronics and defense.

"I am pleased to be in a position to lead EDC during the next six months," Geppert said. "Since recently retiring from Cox Communications my focus has been to give back to the San Diego community. I look forward to working with EDC's Board of Directors to improve the business climate to foster job growth and to help EDC find a permanent CEO to lead the region's economic development strategy."

San Diego Regional Economic Development Corporation is supported by more than 150 of San Diego's largest companies and most influential business leaders. EDC's mission is to promote the region for investment; attract, retain and help expand companies in the region; ensure the region's competitiveness for investment through a private sector-driven agenda that supports growth and expansion of high-wage, high-growth industries in the region.

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