The Sherman Economic Development Corp. board of directors will be taking on the task of finding a replacement for former President John Plotnik themselves. Plotnik’s retirement was announce Tuesday.


In a news release issued Wednesday, SEDCO board Chairman John Sild said an executive selection committee will be created to begin the search process for a new president. The executive selection committee will include members of the SEDCO board and community leadership.


“There are no plans to hire a professional search firm at this time,” Sild said. “During the transitional period, Executive Vice President Frank Gadek will serve as SEDCO’s interim president.”


The SEDCO board accepted Plotnik’s resignation during an early morning meeting Tuesday.


“John has helped to create tremendous economic impact during his three years here,” Sild said in a news release about Plotnik’s retirement. “He and his staff have worked to bring thousands of jobs and hundreds of millions of dollars in new investment to Sherman. That work has forever changed the face of our economy.”


Plotnik was hired by SEDCO in September 2015 following a monthslong search to replace previous SEDCO President Scott Connell, who announced his resignation in June 2015 to take the position of economic development director for the city of Irving.


Despite his intention to retire, Plotnik said Tuesday that he had already been contacted by several cities that are currently looking for an economic developer. Plotnik also said he received a severance agreement, but declined to give any details on the contents of the agreement. The Herald Democrat has filed an open records request for a copy of the agreement.


Plotnik originally announced his plan to retire from SEDCO in November 2016 because of a family matter, but later rescinded his resignation when the issue was negated. Following Plotnik’s initial announcement of his planned retirement in 2016, SEDCO’s board formed a search committee, led by board member Brad Douglass, to find a new president. Hours before Plotnik’s announcement of his intention to stay in the position, Douglass said the committee had already met with some applicants.