The Montgomery County Economic Development Corporation (MCEDC) Board of Directors today announced that MCEDC President & CEO Benjamin H. Wu has submitted his resignation effective August 15, 2022. Executive Vice President & COO Bill Tompkins will assume the position of President & CEO.
“We thank Ben for his service and his dedication and life-long commitment to Montgomery County. As we continue to position and elevate Montgomery County as one of the premier regions in the country in which to do business, our vision remains clear and focused. We are confident that Bill’s leadership, business acumen and reputation as a strong and well-respected collaborative business partner will help to ensure a smooth and seamless transition and advance the organization to the next level.”
Benjamin H. Wu was announced as MCEDC’s President and Chief Executive Officer in late 2019. At the time of the announcement, Wu was the Deputy Secretary and Chief Operating Officer of the Maryland Department of Commerce. He was described as “an accomplished executive and internationally recognized technology policy expert who brings to MCEDC a dynamic portfolio of over three decades of professional experience working directly with industry around the world and leading operations at the highest levels of our nation and state. He has a distinguished career focused on technology-led economic development, as well as a proven record of driving transformative initiatives and creating critical collaborative partnerships with industry, government, and academia throughout the country and in Maryland.”
A Montgomery County native, Wu has a deep connection to both MCEDC and the County. He has sat on the MCEDC board since its inception and has supported job growth and business development in Montgomery County over the past three decades in his federal and state positions.
The Montgomery County Economic Development Corporation (MCEDC) is the official public-private economic development organization representing Montgomery County, Maryland. Created in 2016, MCEDC is led by a Board of Directors of business executives. Its mission is to help businesses start, grow and relocate in Montgomery County by helping them gain access to top talent, business and market intelligence and prime locations.