After less than two years in Amarillo, Barry Albrecht is departing his job at the Amarillo Economic Development Corporation.
On Tuesday, the Amarillo EDC Board of Directors and its president and CEO, Barry Albrecht, agreed to a mutual separation package. AEDC officials say Albrecht is departing the entity, after coming to Amarillo in 2017, in hopes of spending more time with his ailing parents.
“It has been a tremendous honor and privilege to have led the AEDC during a critical time of transformation,” Albrecht said in a prepared statement. “I am proud to have worked with remarkable partners throughout the community who are dedicated to making Amarillo the best place to work and live. I wish my colleagues and friends success well into the future.”
Doug Nelson, senior vice president of financial services at the AEDC, has agreed to take over as interim CEO, to allow a search for Albrecht’s replacement to begin. Nelson was previously in the interim role during the search that eventually led to Albrecht.
During Albrecht’s tenure, the Amarillo EDC approved deals with Maxor Pharmacy, the Fairly Group, and a partnership for the Thrive Scholarship program. The Fairly Group deal was eventually terminated, with the money from the incentive package returned to the AEDC, at the request of Fairly Group president Alex Fairly.
Albrecht’s last day is November 30th.