# Lurie nonprofit CEO exits after one year

> San Francisco's downtown development nonprofit CEO Shola Olatoye leaves after 11 months.
- Title: Lurie nonprofit CEO exits after one year | Shortify
- Summary: San Francisco's downtown development nonprofit CEO Shola Olatoye leaves after 11 months.
- Keywords: san francisco downtown development corpo, shola olatoye, daniel lurie, mayor, nonprofit, ceo, interim ceo, tj wenzel, powell street, embarcadero, The San Francisco Standard
- Source: The San Francisco Standard — https://sfstandard.com/2026/11/09/shola-olatoye-downtown-development-corporation
- Published: 2026-11-10T04:47:14+00:00
- Read time: 1 min
- Topics: san francisco downtown development corpo, shola olatoye, daniel lurie, mayor, nonprofit, ceo, interim ceo, tj wenzel, powell street, embarcadero, news, local
## Lurie nonprofit CEO exits
Shola Olatoye, a longtime housing executive, left San Francisco Downtown Development Corporation after little more than a year.
## No reason given for departure
The organization provided no explanation for Olatoye's abrupt exit, which occurred just over a year after she started.
## Interim CEO appointed
TJ Wenzel, the organization's managing director of capital initiatives, will serve as interim CEO while they search for a permanent replacement.
## Rebecca Foster takes over role
Rebecca Foster, the founding CEO of San Francisco Housing Accelerator Fund, will become Olatoye's new vice chair of the DDC board.
## DDC's mission and funding
The DDC, founded in 2025, channels private dollars into public projects like Powell Street and Embarcadero improvements, having pledged $70 million so far.
## Olatoye's background
Olatoye previously worked as CEO and chair of New York City Housing Authority before moving to Oakland and Eden Housing.
## Olatoye's plans for DDC
Olatoye had planned to announce recipients of the Downtown Business Fund, which will provide $25 million to ground-floor retailers downtown.
## Key takeaway

Shola Olatoye, CEO of San Francisco Downtown Development Corporation, resigned after little more than a year.