Lofton to retire next month as economic development chief He supervised agency's privatization

March 05, 1997

Michael S. Lofton, who has been chief executive officer of the Anne Arundel Economic Development Corp. since it became a private agency in 1993, is to retire April 1.

The corporation issued a news release yesterday announcing the retirement.

Lofton said in a telephone interview that he needs "a break."

"I took three weeks off in 1972, and I haven't had more than 10 days off since then," he said.

Lofton, 50, took over the Anne Arundel County Office of Economic Development in December 1991 and two years later supervised its privatization as the Economic Development Corp., an agency that promotes business growth in the county.

Before joining the county government, he worked for 23 years in the state Department of Economic and Employment Development, leaving as deputy secretary in November 1991.

Jay Winer, chairman of the Economic Development Corp.'s board of directors, said in a statement that he would miss Lofton.

"It's obvious that Mike Lofton has been a major influence in the success of the corporation and its contribution to the health of the economy in Anne Arundel County."

Lofton has been "a remarkable player in business development and retention," said County Executive John G. Gary.

Pub Date: 3/05/97

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