An Oakland nonprofit housing developer has lost both its CEO and COO in less than three weeks. The organization's vice chair responds.
The East Bay Asian Local Development Corp. has been operating without permanent C-suite leadership since the beginning of February, when CEO Andy Madeira was forced out and COO Karim Sultan resigned in protest.EBALDC, also has been without a CFO since last spring.
The nonprofit oversees roughly 2,300 affordable units in and around Oakland, according to its website, and its portfolio is growing. It was recently awarded funding for The Phoenix, a 52-unit project in West Oakland, and snagged city approval for a 91-unit project near Oakland’s Lake Merritt. EBALDC has tapped Sean Sullivan, who served as chair until the beginning of this year, to serve as acting CEO in the wake of Madeira’s departure; Sullivan will remain on for three months, until the nonprofit finds a suitable interim candidate, he said in an interview Feb. 16.
In his first few weeks on the job, Sullivan has set out to visit each of EBALDC’s properties and is seeking to keep things moving smoothly, he said. Asked about the executive vacancies, he emphasized the importance of the organization’s staff.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oakland's EBALDC loses CEO, COO in February - San Francisco Business TimesAn Oakland nonprofit housing developer has lost both its CEO and COO in less than three weeks. The organization's vice chair responds.
Read more »
Asiff Hirji steps in as MoonPay president and COO amid top-level reshuffleIt's unclear what role the company's current COO, Jim Esposito, who joined in July, will now take.
Read more »
Pixar COO Pete Docter shares his insight into the failure of LightyearPixar’s chief creative officer—Pete Docter—has taken some time to reflect on the dismal reception to the company’s most recent production, Lightyear. The COO has summed up the film’s problems as a matter of not playing into audience expectations.
Read more »
100-year-old Oakland man dies after fatal hit-and-runIt’s still unknown whether alcohol or drugs were involved.
Read more »
Eye on the Hills: Now’s a great time for a walk in Oakland’s parksWildlife, waterfalls and wildflowers are all out there to be seen in Sibley Volcanic Preserve and Reinhardt Redwood Regional Park.
Read more »