Photo: Ikon Pass
Alterra Mountain Company, the corporation that owns and operates the 18-plus ski resorts in the U.S. and Canada under its Ikon Pass brand, announced Tuesday that CEO Jared Smith will be stepping down at the end of the ski season.
“Jared has been a valued leader at Alterra Mountain Company for many years, and we are grateful for his leadership and partnership,” said Eric Resnick, Chairman of the Board of Alterra and CEO of KSL Capital Partners. “Over the course of his tenure, he has made a lasting impact during a period of continued growth and operational advancement, while ensuring the company maintained the culture and commitment to our communities that make Alterra special. We thank Jared for his contributions and wish Jared well as he chooses what to pursue next.”
No reason was given for the move, nor has a replacement been named. The company said in Tuesday’s press release that an Executive Committee of the Board will function as an office of the CEO during the transition. That group will consist of representatives for KSL Capital Partners and Henry Crown & Company, as well as the company’s former CEO, Rusty Gregory.
“Serving as CEO of Alterra has been an honor, and I am deeply proud of the incredible people, capabilities and businesses we’ve added to this amazing company,” said Smith. “The commitment of the ownership group to these mountains, and to the team members and communities they serve, is truly unique. I’m confident the progress we’ve made has positioned the company well to build on that foundation in the years of growth ahead.”
Smith joined Alterra Mountain Company in June 2021 as President and took over the role of CEO on August 1, 2022. In that time, Smith led the company’s $400 million expansion of Deer Valley, as well as acquisitions of Schweitzer, Arapaho Basin, and Snow Valley. The company says he will continue to “serve as a resource to the Office of the CEO” over the next year as they transition to a replacement.
