Alterra Mountain Company, headquartered in Denver, CO, is reporting that Jared Smith plans to step down as CEO at the end of this season.
“Serving as CEO of Alterra has been an honor, and I am deeply proud of the incredible people, capabilities and businesses we’ve added to this amazing company,” Smith offered. “The commitment of the ownership group to these mountains, and to the team members and communities they serve, is truly unique. I’m confident the progress we’ve made has positioned the company well to build on that foundation in the years of growth ahead.”
Eric Resnick, chairman of the Board of Alterra Mountain Company and CEO of KSL Capital Partners, commented on the change.
“Jared has been a valued leader at Alterra Mountain Company for many years, and we are grateful for his leadership and partnership,” Resnick said. “Over the course of his tenure, he has made a lasting impact during a period of continued growth and operational advancement, while ensuring the company maintained the culture and commitment to our communities that make Alterra special. We thank Jared for his contributions and wish Jared well as he chooses what to pursue next.”
During the transition, the company also reported that the “Executive Committee of the Board will function as an Office of the CEO, comprising ownership representatives from KSL Capital Partners and Henry Crown & Company, together with Rusty Gregory, former CEO of Alterra Mountain Company, to lead the company’s day-to-day operations through the end of the season and until a new CEO is appointed.
“The Board will launch a comprehensive search process to identify a new leader to continue Alterra’s growth trajectory. Jared will serve as a resource to the office of the CEO over the next year to support a seamless transition.”
“Since launching the industry-changing Ikon Pass, Alterra has scaled rapidly and established itself as the world’s leading outdoor recreation company,” continued Resnick. “Today, Alterra continues to grow its global footprint and advance the most significant mountain resort investment program in the industry. On behalf of the Board, I’m proud of what Alterra and Ikon Pass have accomplished, expanding access for our guests and investing heavily in the guest experience, all while honoring the mountains, the communities, and the people that define each of our destinations. We embrace our stewardship of the mountains and the communities we call home. The best is yet to come.”
Alterra Mountain Company is comprised of year-round mountain destinations, including Steamboat, Winter Park and Arapahoe Basin in Colorado; Palisades Tahoe, Mammoth Mountain, June Mountain, Big Bear Mountain Resort and Snow Valley in California; Stratton Mountain and Sugarbush Resort in Vermont; Snowshoe Mountain in West Virginia; Tremblant in Quebec and Blue Mountain in Ontario, Canada; Crystal Mountain in Washington; Schweitzer in Idaho; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures and Mike Wiegele Helicopter Skiing in British Columbia.
Image courtesy Mammoth Mountain
