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Staubach relinquishes CEO duties

DALLAS, June 20 (UPI) -- Quarterback-cum-real estate broker Roger Staubach said in New York this week he's giving up his chief executive role as part of his firm's restructuring.

Staubach said Gregory O'Brien, president of Staubach Co.'s northeast region, will take over the CEO duties, and Staubach's son-in-law, southwest corporate services division president John Gates, will become company president and chief operating officer, as part of the "recapitalization plan," The Dallas Morning News reported Wednesday.

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Staubach, a former Dallas Cowboys quarterback and a member of the Pro Football Hall of Fame, will remain executive chairman of the 30-year-old commercial real estate company.

"I'm going to continue to be very active in the company," Staubach said Tuesday. "I'm going to devote more time to the customers and spend time in the field. With the CEO title you have responsibilities that sometimes are not where I want to be."

He said the makeover has been coming for about a year and will result in a move from regional offices to a unified firm.

"We are going to have over 300 shareholders in the company," he said. "We will be stronger and will be able to serve our customers better."

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