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Max Siegel has had his contract for CEO renewed for 5 years by USA Observe & Area. The press launch praises Max Siegel for his progressive management, his success at bringing in sponsors, and the expansion of the game underneath his tenure.
Like several chief, on a great day, Max Siegel has most likely half of his constituency asking for his retirement. The important thing to Siegel’s success? Help of sponsors and the help of the board. After that, nothing else appears to matter.
Mr. Siegel is coping with a number of difficult points right now, a lawsuit from Jim Estes, a USATF Board member, and a few disruptions simply 100 days from the US Olympic Trials marathon.
Max Siegel is a survivor. He additionally does good press feedback, and he’s actually savvy in a boardroom.
I’ll tackle this new improvement within the subsequent few weeks.
INDIANAPOLIS (November 9, 2023) – USA Observe & Area has introduced a five-year contract renewal of its CEO Max Siegel, starting January 1, 2024. Siegel’s transformative management of USATF since 2012 has propelled the group to realize historic success, marked by report monetary progress, programmatic evolution and inclusive illustration, together with producing over $600 million in income and increasing the USATF annual price range to a report $40 million.
The USATF Board of Administrators undertook a complete and inclusive CEO analysis course of, together with efficiency evaluation and engagement with inner and exterior stakeholders to share suggestions on Siegel’s management and supply their insights in reaching USATF’s mission and shared objectives. In November 2022, the Board and Compensation Committee Chair and Unbiased Board Member Dolf Berle additionally engaged FW COOK, a number one government compensation agency, to conduct an impartial CEO compensation analysis.
The agency offered third-party recommendation on the reasonableness of compensation and profit ranges offered as compared with these of different equally located organizations and consistent with business requirements. FW Cook dinner offered additionally evaluated the appropriateness of the general compensation program in mild of organizational efficiency and different related components. The personnel and compensation committee of the Board methodically analyzed these ends in making their suggestions for the brand new CEO contract to the complete Board.
USATF Board of Administrators Chair Michael Conley mentioned: “Following an intensive evaluate means of over a yr, the USATF Board of Administrators is delighted to have renewed Max Siegel’s contract with USATF by way of 2028. Underneath Siegel’s visionary management, progressive pondering and tireless work ethic, our group has firmly solidified its standing in the US Olympic Motion. As we put together for the subsequent two Olympic Video games, we’re grateful to have secured Siegel for a five-year time period as CEO and are extra assured than ever in his capacity to proceed main us to unprecedented success on and off the monitor.”
USATF Board of Administrators Member and Athlete Advisory Committee (AAC) Chair William Leer mentioned: “As CEO, Max has reversed the monetary woes of USATF and created a powerful income base which has offered tens of millions of {dollars} in monetary help to athletes. As chair of the Athlete Advisory Committee, I’m proud the group was in a position to retain Max. We drastically stay up for persevering with to work with Max and additional the work he has been doing. We stay up for supporting him in delivering a brand new imaginative and prescient which continues to reward excellence and create a secure sport surroundings for all USA Observe & Area athletes.”
USATF Board of Administrators Member and AAC Consultant Bernard Lagat mentioned: “I’m excited that the Board has favorably voted to increase Max’s contract. Max’s management, his dependable degree of experience, professionalism and athlete centric strategy led USATF to be one of many strongest and most revered sports activities organizations on the earth. Whereas our athletes are tirelessly working in the direction of success on the Paris 2024 and LA 2028 Video games, I’m assured that Max may even be doing the identical to help the athletes and implementing USATF’s strategic plans.”
Underneath Siegel’s management, USATF has secured 19 new companions, together with a ground-breaking 23-year cope with Nike, one of many longest and most precious sponsorships in sports activities historical past. Siegel has spearheaded and instituted a ground-breaking elite athlete income distribution plan to offer tens of millions of {dollars} in extra monetary help to athletes, making certain that athletes keep success at each step of their careers and serving to make USATF the primary athletics federation and most profitable monitor and discipline workforce on the earth.
“I’m honored and profoundly humbled by USATF’s resolution to increase my contract by way of 2028,” mentioned USATF CEO Max Siegel. “I wish to thank the Board of Administrators and Chair Michael Conley for entrusting me to proceed to guide USATF. My ardour for the game of monitor and discipline and my dedication to placing athletes on the forefront of every little thing we do has by no means been stronger. I’m thrilled to proceed my journey with USATF and stay up for serving to USATF perform its mission and obtain sustainable progress within the thrilling years forward with Paris 2024 after which LA28 on the horizon.”
United States Olympic & Paralympic Committee (USOPC) Board Chair Gene Sykes mentioned: “We’re happy with the information of Max Siegel’s prolonged tenure as CEO of USA Observe & Area till 2028. Max’s distinctive management, monetary experience, and unwavering dedication to athlete efficiency have been instrumental in driving the expansion of the game. This extension acknowledges the numerous contributions that Max and USATF have made to Crew USA, and we stay up for continued successes underneath his steerage.”
About USATF
USA Observe & Area (USATF), based mostly in Indianapolis, is the Nationwide Governing Physique for monitor and discipline, lengthy distance operating, and race strolling within the U.S. The group gives management for Athletics, the most-watched occasions of Olympic broadcasts, and develops and selects Crew USATF, #1 within the World.
USATF additionally gives management to school-aged, prep, collegiate, and grownup athletic applications and competitions. With greater than 30 million grownup runners within the U.S., the group’s actions are broad, encompassing sanctioning greater than 8,000 occasions yearly and nurturing grassroots applications, such because the Junior Olympics, to assist develop the longer term stars of the game.
To be taught extra about Max Siegel, please try our archived interview from 2021:
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