The Bellingham Business Journal
Bruce MacCormack is stepping down from his post as the chairman of the Bellingham Angels Group, effective in January.
“After five and a half years at the helm together with the fact I have just passed my 73rd birthday, I believe it is appropriate to hand it over to someone with new energy and new ideas,” MacCormack said in a statement. “I have the greatest respect and admiration for all of our Angel members who have not only made the Bellingham Angels a successful organization but who have helped so many young companies build their dreams through angel funding and coaching.”
Glenn Butler, who has been with the group since it started in 2005, has been nominated to succeed MacCormack, who will stay with the board in the role of immediate past president.
“Any decent leader knows when it’s time to step aside and let someone else take over,” MacCormack said in an interview.
The Bellingham Angels are a group of accredited investors dedicated to providing equity capital to early and mid-stage entrepreneurial companies based in the Pacific Northwest. For more information, visit www.bellinghamangels.com.