Livestrong CEO leaving after 14 years
AUSTIN, Texas (AP) — The CEO of the cancer charity Livestrong is leaving after 14 years. Doug Ulman has told The Associated Press he will leave Livestrong in January to become president and chief executive officer of Pelotonia, a Columbus, Ohio, charity bike ride that has raised more than $61 million for cancer research in its first five years.
During Ulman’s tenure, Livestrong grew from a small local charity into a $500 million global brand before it was rocked by founder Lance Armstrong’s confession that he used performance-enhancing drugs during his cycling career.
Livestrong’s 2013 financial reports showed a 34 percent slump in donations. They show a 38 percent dive in total revenue after commercial sponsorships were canceled or not renewed.