Teresa Frady has been named president and chief executive officer of the Community Reuse Organization of East Tennessee.
CROET is a regional economic development nonprofit organization that helps find new uses for U.S. Department of Energy facilities and property, including at sites that are no longer used or needed. The goal is to spur private development and create jobs.
Frady’s appointment was announced during the January meeting of the CROET Board of Directors. She replaces Lawrence Young, who is retiring after serving more than 26 years as CROET’s president and CEO.
“I am so pleased that Teresa has accepted the challenge of leading CROET into its next phase,” Young said in a press release. “Teresa has been an integral part of the success of the organization, and I am confident that she, as my successor, will enhance upon the legacy established by the organization’s founders.”
Frady began her career with CROET 22 years ago, the press release said. She has risen through the ranks with increasing responsibility by serving in such roles as account manager, accountant, chief accountant, chief operating officer, and executive director.
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