CEO Masback to leave USA Track & Field at end of January

Updated: January 16, 2008, 9:42 PM ET
Associated Press

INDIANAPOLIS -- Craig Masback will officially step aside as the head of USA Track & Field at the end of January.

No replacement has been picked for Masback, who resigned last week to become director of business affairs for Nike's Global Sports Marketing Division, but USATF announced Wednesday that it has begun its search for a new chief operating officer.

Masback will serve as CEO until Jan. 31. USATF president Bill Roe will head a committee of four staff members to lead the organization until a new CEO is hired.

Roe hopes to have the search firm and search committee evaluating potential candidates by mid-February. He has not set a deadline for hiring a new CEO.

Masback, a former distance runner, took over as chief executive officer of a troubled USATF in July of 1997. Since then, the federation's annual budget has grown from $6.7 million to more than $17 million.

Copyright 2008 by The Associated Press

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