According to current and former employees, CEO, Dave Riley has been ousted from the Colorado resort鈥檚 top job.
A former employee and longtime Telluride resident heard from current senior management that the move came on the heels of a European holiday that Riley took with his family. When Riley returned, the former employee says, the locks on his office had been changed.
鈥淩iley was fired for an accumulation of things,鈥 says the former employee, who believes that Telluride鈥檚 private owner Chuck Horning has been upset about the current situation in Bear Creek. That鈥檚 the prized side-country ski zone, currently at the center of a legal battle over skier access, that I wrote about last winter. Access to Bear Creek is still in dispute.
When reached for comment, Riley refuted this story and claimed he is only renegotiating his contract with Horning. However, a number of other employees report that Riley has been gone for more than a week and that they鈥檝e received no update on the situation from the resort鈥檚 management. When asked if he will remain the CEO, Riley said, 鈥淲e haven鈥檛 concluded that, and I can鈥檛 get into that right now as we are still in negotiation.鈥
Matt Skinner, Telluride鈥檚 vice president of sales and marketing, said, 鈥淭here鈥檚 some discussions going on and that鈥檚 all I can say.鈥
While Riley maintains he is still in the game, one longtime local said simply 鈥淩iley is gone.鈥
UPDATE: 4:45 p.m. Telluride Ski and Golf announced this afternoon that Dave Riley is indeed leaving Telluride. He will immediately assume the CEO position of Newport Federal Financial, a company also owned by Chuck Horning.
Insiders close to the situation predicted Riley鈥檚 departure, but they did not anticipate the reassignment. 鈥淒ave Riley has a keen eye for new opportunities, and is visionary when it comes to planning, growth and expansion initiatives,鈥 Horning said in a press release.
TSG has not yet announced a replacement for Riley.