David Iannucci, CEO and president of the Prince George’s Economic Development Corporation, announced he is retiring, effective Dec. 31. His replacement will likely be named by the incoming county executive who replaces U.S. Sen.-elect Angela Alsobrooks (D).
“It’s time for me, time for the organization, time for a new generation to take leadership,” said Iannucci in an interview with the Washington Business Journal.
He said that his role in turning Prince George’s from a suburban bedroom community into a thriving business hub and major investment site was one of the proudest of his career.
His 40 years of public service and business experience include serving as chief legislative officer under former Maryland Governor William Donald Schaefer (D) and establishing a $50 million economic development incentive fund under former Prince George’s County Executive Rushern Baker (D).
Alsobrooks expressed deep gratitude for Iannucci’s service, noting his role in driving transformative projects that have reshaped the community.
“His leadership, vision, and unwavering commitment have been instrumental in creating opportunities for our residents, fostering innovation, and laying the foundation for a brighter economic future,” said the outgoing county executive.
Iannucci expects Ebony Stocks, the organization’s current executive vice president, will be made the acting and possibly permanent replacement by the Prince George’s Economic Development Corporation’s Board.
