By Joshua Burd
Tim Lizura, the Economic Development Authority’s president and chief operating officer since 2012, is stepping down from the influential state organization next month.
The longtime and well-respected EDA executive told staff members today that he would transition out of the authority in the coming weeks and that the July board meeting would be his last. He thanked the staff, calling the move “bittersweet” after more than two decades in Trenton.
“Over my last 22 years at the EDA, we have become a family and I will sincerely miss you all,” Lizura wrote. “I also will miss the pride I have always felt being a part of this organization. No matter where I am in this state, there is always someone who makes a point of complimenting the EDA team.
“Your hard work and dedication has resulted in the creation of economic opportunities for New Jersey, its residents, and businesses. You have improved countless people’s lives that you have never met, and it has truly been an honor to serve as your President and COO.
“As I leave you in the capable hands of Tim Sullivan and our senior leadership team, I know I will continue to hear great things about you and what the EDA is doing to grow New Jersey’s economy. It is an exciting time to be at the EDA and I wish you all the best of luck as you continue your good work.”
Lizura joined the EDA in 1996 as part of its real estate development team and took on various leadership roles, including senior vice president of finance and development. He was named president and chief operating officer in 2012, serving alongside those who have served as the authority’s CEO.