DJ U.S. Chamber of Commerce CEO Thomas Donohue to Step Down -- 2nd Update
WASHINGTON -- The U.S. Chamber of Commerce will announce next week that longtime chief Thomas Donohue will step down and that Suzanne Clark will assume the role of president and chief executive officer of the organization, according to people familiar with the matter.
Mr. Donohue, who has led the Chamber for more than two decades, had planned to leave the organization next year, but decided to leave earlier after the Chamber's board agreed to name Ms. Clark as his successor.
Ms. Clark, a loyal ally of Mr. Donohue, took over as president of the Chamber in 2019.
The Chamber has organized a series of board meetings, all-staff meetings and conference calls next week to announce the transition officially, according to people familiar with the Chamber's plans. The transition was earlier reported by Axios.
"The Board is engaged in a rigorous multiyear succession process to name a new CEO," a spokesman for the Chamber said in a statement. "When a final decision has been reached, there will be an announcement."
In recent years Mr. Donohue has delegated many responsibilities of the chamber's operations to Ms. Clark. Her work to reposition the organization has included a campaign to recruit more small and midsize firms and to bring in more high-tech companies.
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(END) Dow Jones Newswires
February 05, 2021 19:03 ET (00:03 GMT)
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