Monday, February 23, 2009

MEDC names Gregory Main new CEO by: Tom Henderson

As reported on Crains Detroit Business...

The Michigan Economic Development Corp. announced Friday afternoon that pending formal approval by the board of directors on Feb. 26, D. Gregory Main will replace James Epolito as president and CEO of the economic development organization effective April 1.

Eopolito had announced in January that he was leaving the MEDC to become president of Delta Dental of Michigan and president of its parent company, Renaissance of America.

Main, a 1970 graduate of Michigan State University, was with the state’s Department of Commerce from 1983-1991 and was secretary of commerce in Oklahoma from 1991-1994.

He was a partner in a Research Triangle firm in North Carolina, Intersouth Partners, from 1994-1998; general partner in a $66 million venture capital firm in Oklahoma City, Chisholm Private Capital Partners, from 1998-2002; and president and CEO of i2E Inc., a technology commercialization organization in Oklahoma City, from 2002 till last June.

“Greg Main is tested, proven economic developer with everything it takes — focus, energy and tech savvy — to bring new investments and jobs to our state,” said Matthew Cullen, chairman of the MEDC executive committee, in a press release.

“Jim Epolito has led Michigan’s economic development with vision and vigor through one of our state’s most trying times. We cannot thank him enough,” said Cullen.

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