Written by The Business Journal Staff
The Fresno Regional Foundation announced it has parted ways with its CEO after about a year and a half on the job.
In October 2014 Hugh Ralston replaced Dan DeSantis after his nine-year run as CEO of one of the Valley’s largest community benefit organizations.
A news release announcing the departure gave no explanation for the split, which was effective June 15.
“On behalf of the Board, we appreciate the work Hugh did for the Foundation and we wish him every success in the future,” said Alan Pierrot, chairman of the board of the Central Valley Community Foundation, in a statement.
Dave Johnson, former foundation board member and current executive on the management team, has agreed to serve in the role of interim CEO — a position he held between Ralston’s and DeSantis’ tenures.
With more $65 million in assets, the Central Valley Community Foundation (formerly known as the Fresno Regional Foundation — awarded $8 million in grants, scholarships and awards to local charities in 2015.
Related story: Fresno Regional Foundation hires new CEO