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Posted at 5:17 p.m., Wednesday, January 16, 2008

Track and field: CEO Masback to leave USA post

Associated Press

INDIANAPOLIS — Craig Masback will officially step aside as the head of USA Track & Field at the end of January.

No replacement has been picked for Masback, who resigned last week to become director of business affairs for Nike's Global Sports Marketing Division, but USATF announced today that it has begun its search for a new chief operating officer.

Ousted University of Hawaii Athletics Director Herman Frazier's name has been widely circulated among the track and field community as a possible replacement.

Masback will serve as CEO until Jan. 31. USATF president Bill Roe will head a committee of four staff members to lead the organization until a new CEO is hired.

Roe hopes to have the search firm and search committee evaluating potential candidates by mid-February. He has not set a deadline for hiring a new CEO.

Masback, a former distance runner, took over as chief executive officer of a troubled USATF in July of 1997. Since then, the federation's annual budget has grown from $6.7 million to more than $17 million.

Frazier won bronze and gold medals in the 1976 Olympics in Montreal and is a former U.S. Olympic Committee vice president. He was Chef de Mission for the U.S. at the 2004 Olympic Games in Athens.