Spark Centre Announces Leadership Change as Sherry Colbourne Resigns as CEO

Spark Centre Announces Leadership Transition: Sherry Colbourne Steps Down as CEO

Spark Centre, based in Durham Region, Ontario, has announced that Sherry Colbourne will step down as President and CEO effective January 31, 2025. Colbourne has been at the helm since 2017, during which time she has significantly advanced the Centre’s mission of fostering innovation and entrepreneurship in the region. Under her leadership, Spark Centre has made remarkable strides, notably in driving international business attraction, particularly in high-impact industries, accelerating the electrification of the automotive sector, and securing key investments.

Reflecting on her leadership journey, Colbourne expressed pride in the initiatives and successes achieved during her tenure. She highlighted the growth of entrepreneurship in Durham, the inflow of global companies, and increased investment that have collectively bolstered the region as an innovation hub. Colbourne reassured stakeholders that Spark Centre's mission to support entrepreneurs would persist, leaving a strong foundation for future achievements.

In light of her departure, the Board of Directors has activated a comprehensive transition plan to ensure continuity and maintain the organization’s momentum. This plan includes appointing Gary Jarosz, the past Chair of the Board, as Interim CEO. The Board is set to conduct an extensive search over the coming months, engaging with various stakeholders to identify a new leader aligned with the Centre’s strategic vision and growth aspirations.

Hari Sambasivam, the Chair of the Board of Directors, acknowledged Colbourne’s impactful leadership, commending her dedication and vision which have been pivotal in establishing Spark Centre as a leader within the innovation ecosystem. He emphasized the Board’s commitment to building on the strong foundation laid by Colbourne and expressed gratitude for her contributions to the Centre’s mission.

Spark Centre aims to continue delivering unwavering support to entrepreneurs and facilitating economic development within Durham and the wider region. They will keep stakeholders informed throughout the leadership transition process. For further inquiries, media representatives are encouraged to contact Kailee Rembosz.

In summary, Sherry Colbourne’s departure marks a significant transition for Spark Centre, which has thrived under her guidance. The organization is poised to move forward with a commitment to innovation and entrepreneurship in the Durham Region, aligning with its established goals to nurture and support the budding entrepreneurial ecosystem.