This news release is from the previous Governor's administration.
For Immediate Release: November 28, 2016
Contacts: Office of the Governor: Brian Coy, 804-225-4260,

Governor McAuliffe Statement on the Selection of Stephen Moret as President and CEO of Virginia Economic Development Partnership


RICHMOND – Governor Terry McAuliffe released the following statement today in response to the selection of Stephen Moret as President and CEO of Virginia Economic Development Partnership: 

“I congratulate and welcome Stephen Moret as the new President and Chief Executive Officer of the Virginia Economic Development Partnership. I commend the VEDP Board of Directors for selecting a new CEO with Stephen’s experience, thoughtfulness and management prowess. Having met with Stephen, I agree with the board that his executive management experience in both public and private sector economic development roles make him the right choice to lead VEDP at this critical time for the organization.

“There is no question that VEDP is in serious need of strong leadership, reform and increased accountability. As we continue to review and analyze the findings and recommendations of the Joint Legislative Audit & Review Commission report on VEDP, Stephen will be responsible for strengthening management within the organization as well as working with my administration and the General Assembly to make additional necessary changes to its structure and oversight. I have asked Secretary of Commerce and Trade Todd Haymore to make every resource available to Stephen and the VEDP board to help this organization live up to its potential as a real driver for economic growth across our Commonwealth.

“While changes are certainly necessary at VEDP, there are many talented and dedicated professionals in the organization who are doing good work and are ready to build the next chapter in its history. I am proud of the progress we have made during this administration to bring new jobs and investments to the Commonwealth by attracting new companies to our state and opening new markets for Virginia companies abroad. I am eager to get to work with a stronger and better-managed VEDP to take our successful efforts to the next level.”