Leadership Change at Olympia Development in Detroit

Atanas Ilitch to assist in recruitment for successor as he transitions to focus on private outside interests

DETROIT, June 14, 2011 /PRNewswire/ Atanas Ilitch, president of Olympia Development, announced today that he will step down from his current position with the organization to focus on private outside business ventures.  He will assist in the recruitment of his successor and stay on in his current role until that person is named.  

“The team we have at Olympia Development is highly capable which makes me very comfortable in making this move at this time.  My personal business interests continue to require more of my day-to-day time and attention,” explained Ilitch.  “In my opinion this is a win-win and I look forward to recruiting a highly capable and experienced individual to lead Olympia Development into the future.”

Christopher Ilitch, president and CEO of Ilitch Holdings, Inc., said: “I greatly appreciate the leadership that Atanas has provided at Olympia Development over the last six years, and the tremendous vision and leadership he has shown in our community.  My brother is one of the most passionate and creative persons I know and he is absolutely committed to making our community a better place for all.”

Atanas Ilitch became president of Olympia Development in 2005.  He has held other positions in the Ilitch companies over the years, including president of Olympia Entertainment from 1993 – 2000.  

The search will begin immediately for a new president for Olympia Development and an announcement will be made when that process is complete.

Any interested candidates may forward a cover letter, resume and salary history to IHIHR@IlitchHoldings.com.