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Nov 22, 2016 4:22 PM

Sununu to resign as CEO of Waterville Valley resort

The Associated Press

CONCORD (AP) — Incoming governor Chris Sununu will resign as chief executive of Waterville Valley Ski Resort at the end of December as he prepares to take office.

Sununu, a Republican, will be inaugurated on Jan. 4. In addition to resigning as chief executive, Sununu will give up his spot on the ski resort's board of directors. But the Sununu family will continue to own the business.

Tim Smith, the resort's general manager, will also take on the role of president.

Sununu began as chief executive of Waterville Valley in 2010.

As governor, Sununu may be involved with Waterville Valley's competitors. The state owns Cannon Mountain, and the executive council voted in favor of an expansion of Mount Sunapee earlier this year. Sununu recused himself from that vote.

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