Business

Research Triangle Foundation hires consultant for CEO search

Former Research Triangle Foundation CEO Bob Geolas left the organization last September to take a job at a consulting firm.
Former Research Triangle Foundation CEO Bob Geolas left the organization last September to take a job at a consulting firm. The News & Observer

The Research Triangle Foundation, the not-for-profit organization that manages Research Triangle Park, has hired a consulting firm to begin a search for its next president and chief executive officer.

The foundation has had an interim CEO since October, when it coaxed former Chief Operating Officer Liz Rooks out of retirement to lead the foundation following the departure of former CEO Bob Geolas. Geolas left the foundation last September to work for the economic development firm HR&A Advisors.

RTF has hired Raleigh-based consulting firm Elinvar to handle the search.

For the past several years, the foundation has been focused on implementing a new master plan for RTP, which was crafted under the leadership of Geolas in 2012. The plan was meant to bring RTP into the 21st Century and included many current features such as the Frontier, a co-working space that was converted from an outdated office building.

The centerpiece of the master plan, however, was Park Center, a 100-acre, $50-million redevelopment that will add retail and residential space to RTP, as well as public parks, an outdoor amphitheater and hotel lodging.

The new CEO of RTF will be responsible for overseeing the completion and management of that large project, which is expected to begin construction in the fall.

The foundation said it is looking for candidates with “extensive knowledge” in commercial land development as the organization transitions from an entity that sells land to an entity that focuses on developing and managing properties.

Zachery Eanes: 919-419-6684, @zeanes

  Comments