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Lawrence Probst Elected Chairman of U.S. Olympic Committee
    2008-10-03 17:27:27     Xinhua

Lawrence Larry F. Probst was unanimously elected to replace Peter Ueberroth as the U.S. Olympic Committee (USOC)'s chairman of the board on Thursday.

Probst, 58, an internationally respected business leader known for his expertise in interactive media, entertainment and marketing, was named to the USOC Board of Directors as an Independent Director in September and it is anticipated he will assume duties as Chairman during the 2008 U.S. Olympic Assembly in Orlando next week.

"I am honored to have the opportunity to serve an organization and a movement that makes such a significant difference in our world today," Probst said. ""his is a movement built upon the spirit and dedication of athletes, and the selfless commitment of volunteers. "

"By working closely with my fellow Board members, the USOC staff and the greater Olympic family in our country, my goal as Chairman is to preserve and strengthen opportunities for all those who wish to participate in this important endeavor," added Probst, an architect of a game most sports fans know -- Electronic Arts (EA) Sports.

"As digital technology and advanced media increasingly shape the manner by which sport is marketed and consumed, we are extremely fortunate to welcome as our new Chairman someone with the expertise and perspective that Larry brings," outgoing USOC Chairman Ueberroth said. "I am confident Larry's proven business skills and experience will be invaluable as the USOC continues to shore up its revenue streams and expand the impact and reach of the Olympic Movement."

Probst was elected to the position of Chairman of the Board of Directors in 1994. Under Probst, EA navigated multiple technology transitions and made strategic investments in new platforms such as mobile, online and other emerging markets. During his tenure as CEO, the company grew its annual revenue from $175 million in 1992 to roughly $3 billion in 2006 and expanded international operations to more than 75 countries.

Ueberroth will continue his service to the USOC as President in an honorary capacity - a non-voting, non-Board member position that will last for two years. He will focus primarily on the USOC's international relations efforts and cooperation with the International Olympic Committee. His new role will also focus on the USOC's partnership with Chicago 2016 and bringing the Olympic and Paralympic Games back to the United States.

 
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