Paris Smith announced that she is “stepping away from the intense day-to-day requirements of the CEO role to transition into an advisory role with Pinnacle.”
In a LinkedIn post, the executive confirmed that “the search for a new CEO is underway,” and that she would now focus on working on new opportunities and strategic projects with Pinnacle’s lead investor and Chairman Magnus Hedman.
Titled, "New Opportunities" Smith's Linkedin announcement reads:
After an incredible 17 years with Pinnacle, I am making a change and will be stepping away from the intense day-to-day requirements of the CEO role to transition into an advisory role with Pinnacle.
I am excited for this new challenge as this will allow me to explore some new opportunities and strategic projects alongside Magnus Hedman – while still remaining close to the strategy and support of the beloved Pinnacle team.
Throughout my time at Pinnacle, the company has grown in both scope and size, often seeing opportunities to be a market leader. My passion for the industry and the people in the industry will never leave me. I have focused on building a diverse and experienced management team within Pinnacle that allows me to move into this next phase of my career with the confidence that Pinnacle is in good hands.
I hope I have created a lasting legacy in my time as Pinnacle’s CEO, as I have always said it is an honor to have the privilege to lead such an incredible brand and organization. The confidence that has been given to me is greatly appreciated. I am excited to be able to focus more on the long-term strategy and business opportunities as I continue to promote, network, and create the connections to continue the success of Pinnacle. My passion for leadership and mentoring will be a focus for me moving forward. I will continue to be representing Pinnacle externally and share the updates and successes of the company at the conferences.
A search is now underway for Pinnacle’s next CEO to navigate this ever-changing industry. This is an exciting time and I’m so grateful for the team at Pinnacle which have become friends and family. The culture of Pinnacle is unique and one of the many attributes that makes it such a special company. Many thanks to everyone who has made not only the last 17 years at Pinnacle but the previous 11 years in this fabulous industry such a special part of my life. I’m forever grateful and humbled.
Source: GMB
