52.9 F
Fort Worth
Sunday, October 25, 2020
Government Livestrong CEO leaving after 14 years

Livestrong CEO leaving after 14 years

Other News

The virus and sport: Women’s PGA Championship to be played Oct. 6-11

The Latest on the effects of the coronavirus outbreak on sports around the world: The...

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....
Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.


JIM VERTUNO, Associated Press

AUSTIN, Texas (AP) — The CEO of the cancer charity Livestrong is leaving after 14 years, a period in which the small local charity grew 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.

Doug Ulman helped Livestrong ride Armstrong’s sports career and celebrity into rapid and worldwide expansion. He also had to guide it through the two-year fallout of Armstrong’s cheating revelations that prompted corporate sponsors and private donors to flee.

Ulman told The Associated Press on Monday that 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.

Ulman and Livestrong board chairman Jeff Garvey said Ulman leaves on good terms despite Livestrong’s recent struggles. Livestrong’s 2013 financial reports showed a 34 percent slump in donations and a 38 percent dive in total revenue after commercial sponsorships were canceled or not renewed.

“The reaction of the board was they were sad Doug was going to leave,” Garvey said. “He has taken the foundation to a real position of strength. … Doug will wear the Livestrong banner forever.”

Armstrong founded the charity in 1997 and it grew on his star power as the swaggering cancer survivor who dominated one of the world’s toughest sporting events. The charity sold more than 80 million yellow Livestrong wristbands around the globe.

But Armstrong’s feel-good story was blown apart in October 2012 when the U.S. Anti-Doping Agency exposed his cheating. In a January 2013 televised interview with Oprah Winfrey, Armstrong confessed to doping throughout his career. He was stripped of his Tour de France titles and banned from Olympic sport.

Armstrong’s revelation led big corporate sponsors and partners such as Nike and Dick’s Sporting Goods to flee Livestrong by either canceling contracts or not renewing them.

Armstrong was removed from the charity’s board of directors in late 2012, and he no longer has any formal association with the charity, which changes its name from the Lance Armstrong Foundation.

Sitting in the restaurant of the same downtown Austin hotel where Armstrong confessed to Winfrey, Ulman called the fallout of the past two years “the most stressful period of my life, by a landslide, and my family’s life.” Still, Ulman said he’s “so proud at what we’ve accomplished (at Livestrong).”

Garvey and Ulman said Livestrong remains on solid financial ground, noting its $100 million in assets and an endowment of more than $30 million. Last month, Livestrong agreed to give $50 million over 10 years to the University of Texas’ new medical school for a program emphasizing “patient-centered” cancer care. Garvey praised Ulman’s role in establishing a partnership he said is critical for the charity’s future.

Pelotonia gives the money it raises from riders to cancer research at The Ohio State University Comprehensive Cancer Center – James Cancer Hospital and Solove Research Institute.


Latest News

Ehlinger helps Texas beat Baylor 27-16 to end skid

By JIM VERTUNO AP Sports WriterAUSTIN, Texas (AP) — Sam Ehlinger passed for an early touchdown, then ran for two more in...

Who killed Sweden’s prime minister? 1986 assassination of Olof Palme is finally solved – maybe

Andrew Nestingen, University of Washington It took 34 years,...

An epidemiologist explains the new CDC guidance on 15 minutes of exposure and what it means for you

Ryan Malosh, University of Michigan The Centers for Disease...

Fort Worth Police seeking man who robbed diners on Southside restaurant patio

Fort Worth Police are seeking a man who robbed diners at an outdoor patio on Hemphill Street on the city's Southside.

Burton snatches win and keeps Gragson out of championship

FORT WORTH, Texas (AP) — Harrison Burton stormed past Noah Gragson in the final turn Saturday at Texas Motor Speedway to win...