ROSEMONT, Ill. (AP) — Norman Blake, the corporate turnaround specialist whose efforts to overhaul the U.S. Olympic Committee ended in failure, is returning to the business world as head of technology services company Comdisco Inc.
Comdisco announced the appointment of Blake as chairman, president and chief executive officer on Wednesday, four months after he was removed from the USOC post following a turbulent eight-month reign.
Blake, 59, was hired last February as the Olympic Committee's first-ever CEO and took steps to reform a bloated and cumbersome organization. He cut staff, proposed slashing money for sports in which Americans rarely won medals and tied USOC funding for national sports governing bodies to the number of medals won.
Comdisco hopes he can repeat his earlier successes as head of insurer USF&G Corp., Promus Hotel Corp. and financing company Heller International Corp. He also previously was an executive at General Electric Co.