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Insurance Exec To Head Economic Development Corp.

LANSING, MI-The Michigan Economic Development Corp. says it will name former insurance company executive James Epolito the organization's new president and CEO. The MEDC board is expected to approve Epolito's contract before he assumes his new post on Sept. 1.

By Dan Heaton | Updated on June 30, 2005

LANSING, MI-The Michigan Economic Development Corp. has hired a new CEO, moving its current top executive to focus on working on international development and high-profile events.The Michigan Economic Development Corp. says it will name former insurance company executive James Epolito the organization’s new president and CEO. The MEDC board is expected to approve Epolito’s contract before he assumes his new post on Sept. 1.

The MEDC’s current CEO and president, Don Jakeway, a former Toledo, OH economic development official who joined the organization about two years ago, will stay on with the MEDC and focus on recruiting international companies to Michigan and working high-profile events such as include the Forbes CEO Conference on Mackinac Island in September and the National Football League Super Bowl in Detroit next February.

“We are taking the nation’s premier economic development organization to the next level by placing Jim Epolito at the helm,” says Matthew Cullen, the top economic development executive at General Motors who also serves as chairman of the MEDC Executive Committee. “Epolito is a proven business leader who will ensure that this highly regarded organization continues its outstanding track record.”

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