Western sports and entertainment company Teton Ridge on Monday announced the appointment of Shawn Colo as executive chairman.<\/p>\n
The company also announced that Deirdre Lester will be stepping down as CEO to pursue new opportunities, according to a press release.<\/p>\n
Colo will form an Office of the CEO with key longstanding members of the Teton Ridge leadership team, who bring a breadth of expertise spanning technology, business, sports, entertainment and Western culture.<\/p>\n
\u201cTogether, they will lead the firm\u2019s mission of making Western sports and entertainment more accessible and embed technology across the platform, while honoring the deep heritage of the American West,\u201d the company said.<\/p>\n
Colo brings an exceptional two-decade track record of success as an operator, investor, and entrepreneur building and growing businesses. Colo co-founded Demand Media, an early pioneer in social content and digital media, where he served initially as head of M&A and ultimately as CEO, leading the business from start-up to its successful IPO.<\/p>\n
\u201cWith the ever-rising popularity of Western media, it is an incredible time to join the brand that is leading the movement,\u201d said Colo in a statement. \u201cTeton Ridge has amassed an impressive portfolio of leading sports and media assets, and I look forward to working with the senior leadership team to build a lasting sports and live events franchise.\u201d<\/p>\n
Most recently, Colo co-founded 3L, a growth equity investment firm focused on consumer and technology companies, where he continues to actively manage the Firm\u2019s portfolio through various board responsibilities.<\/p>\n