Twinsburg, OH – Ed Shartar stepped down as president and CEO of Experient effective June 6 to make way for a new CEO who will lead the next phase of the company’s growth strategy. Board Chairman Andrew Strauss said the decision not to renew Shartar’s contract was a mutual one based on the shift in the position’s focus and Shartar’s desire to remain in the Atlanta area. “Ed was initially signed to a four-year contract, which was up for renewal, and with the strategy work behind us, Ed and the board mutually agreed that the future focus of the CEO role needs to shift toward execution and operational excellence,” said Strauss, who is also a partner in The Riverside Company, Experient’s majority stockholder. “We also agreed that the CEO should reside in one of our major operating offices. Because of Ed’s strong ties to the Atlanta community, he did not want to relocate his family.”
Experient’s operating offices, where most of the company’s employees as based, are located in Las Vegas and suburban Cleveland, Chicago and Washington, DC. The company has several smaller regional offices, including one in Atlanta, where Shartar was based.
Strauss said a search was underway for someone outside the company to replace Shartar. In the meantime, George Benson, an operating partner at Riverside, was named interim president.
Experient provides management services, including housing and registration, for approximately 3,300 events in 2008.