Longtime REI CEO Steps Down - KTEN.com - No One Gets You Closer

Longtime REI CEO Steps Down

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DURANT, OK -- The chief executive officer of REI has announced he is stepping down.

In a statement, Rural Enterprises of Oklahoma, Inc. said their president Tom Seth Smith has decided to retire. Smith has led the non-profit agency for the past 23 years.

Board members held a meeting on Friday and vice chair Martin Van Meter says Smith decided he was ready to quit. He would not offer any other details.

Van Meter also says the board is not investigating Smith. Vice president Kenny Simpson was named the interim president.