Memphis in May International Festival (MIM) president and CEO Jim Holt will retire January 31st, 2024, the festival announced Tuesday.
MIM Chief Financial Officer and executive vice president Mack Weaver will assume the role on an interim basis on February 1st, 2024.
Holt took the reins of the organization as executive director in October 1998, helming MIM for more than 25 years.
“I have been contemplating retirement for a few years, but I wanted to help guide the organization through the unforeseen challenges posed by the Covid-19 pandemic, as well as our displacement and eventual return to Tom Lee Park and the riverfront,” Holt said in a letter to MIM chairman Al Gossett. “Having turned 65 this year and with a clear path forward for Memphis in May, it seems like the right time to pass the baton to our next leader.
“It has been an extraordinary privilege to serve Memphis in May. Together with our remarkable team, board leadership, and the hundreds of dedicated volunteers and supporters throughout this organization, we have achieved significant milestones and navigated both challenges and triumphs.
“I am incredibly proud of all that we have accomplished together. I have full confidence in our capable team and leadership, who will continue to guide Memphis in May toward even greater success in the future.”
Holt’s retirement comes after attendance and revenue slumps for the organization’s 2023 events, which MIM blamed largely on the renovated Tom Lee Park. MIM put the Beale Street Music Fest on hold for 2024. But it plans to bring the World Championship Barbecue Cooking Contest to Liberty Park next year.
Forward Momentum, the group behind Mempho Music Festival, announced earlier this year it would bring a three-day music festival and a barbecue cooking contest to Tom Lee Park next year.
A press release says Holt began leading the non-profit organization “during a challenging period marked by financial difficulties” but grew its signature events “to national and international acclaim.” He also oversaw the the introduction of the Great American River Run, the direction of 22 international honored country salutes, and the production of the 2019 Bicentennial celebration for the city of Memphis and Shelby County.”
“Jim’s expertise and dedication have played a pivotal role in shaping Memphis in May into a renowned month-long celebration and a destination for Memphis and the entire Mid-South region,” Gossett said in a statement. “He has built a highly capable and experienced team, and we are deeply grateful for his contributions.”
