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Tech Council of Maryland CEO to Step Down in February
Board Commences Executive Search

ROCKVILLE, MD -- (Marketwire) -- 11/21/12 -- The Tech Council of Maryland, Maryland's largest technology trade association with more than 400 biotechnology and technology members employing more than 200,000 in the region, today announced that Art Jacoby is stepping down from his CEO duties effective February 15, 2013 to return full-time to his consulting practice. TCM has commenced an executive search to identify its next CEO.

"I want to thank Art for his exemplary leadership of TCM," said Larry Letow, chairman of the Tech Council, who also is president and CEO of Convergence Consulting. "We have accomplished a great deal during his tenure and wish him success in his consulting practice. Moving forward, the TCM Board will conduct a thorough executive search that takes into consideration the valuable insights of TCM stakeholders. We look forward to identifying the best possible leader to advance TCM's mission of helping Maryland technology companies collaborate, grow and succeed."

Under Jacoby's leadership this past year, TCM moved forward on an organizational growth plan focused on improved member experience, revenue growth and operating efficiency.

"It has been a pleasure to serve first as board member and for the past year as CEO of TCM as the organization bolsters the great work its members are doing for job creation and our economy," said Jacoby. "I look forward to supporting TCM's mission and continuing to be an advocate for the state's technology and biotech industries."

ABOUT THE TECH COUNCIL OF MARYLAND, INC.
The Tech Council of Maryland (TCM) is the largest technology trade group serving the advanced technology and biotechnology communities of Maryland. TCM's mission is to advocate for the interests of the technology community, further the role of technology in the Maryland economy, and nurture an environment where technology companies can collaborate, grow and succeed. For more information, visit www.techcouncilmd.com.

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