The Economic Development Corporation of Utah (EDCUtah) announced the appointment of Scott Cuthbertson as chief executive officer, effective January 26, 2023. Scott Cuthbertson will succeed Theresa A. Foxley, who has served as EDCUtah’s CEO since 2017.
“On behalf of EDCUtah’s Board of Trustees, I am thrilled to welcome Scott Cuthbertson to EDCUtah as its next president and CEO. Scott has had a distinguished career in management consulting, finance, and development. Scott’s background, combined with his keen intellect, grasp of EDCUtah’s potential, and his desire to work in the service of a compelling mission make him the ideal candidate to lead EDCUtah into its next great chapter,” said Gary Hoogeveen, president of Rocky Mountain Power and chair of EDCUtah’s Board of Trustees. “We also thank our outgoing CEO, Theresa Foxley, for her work in building EDCUtah’s reputation as a smart, collaborative, best-in-class organization that plays a critical role in strengthening Utah’s economy.”
Cuthbertson brings a broad range of leadership experience, having been a director and practice lead with PwC and most recently serving as the chief operating officer and deputy executive director of the Point of the Mountain State Land Authority (“The Point”), one of the largest and most compelling economic development projects in the country. In addition to Cuthbertson’s impressive professional experience, he holds a bachelor’s degree from Brigham Young University and master’s degrees from both Georgetown University and Oxford University.
“I am enormously grateful for the opportunity to have led EDCUtah for the last six years, and I am delighted Scott has accepted the Board of Trustees’ offer to serve in this role going forward. Having worked with Scott on matters related to The Point, I am supremely confident in Scott’s ability to lead EDCUtah to great new heights,” said Foxley. “He has the perfect trifecta of experience in consulting, finance, and state development, all of which he will draw upon to be successful.”
“I am so excited to join the talented team at EDCUtah and to build upon the organization’s momentum,” said Cuthbertson. “The opportunity to lead such an important and reputable organization, and to help serve Utah, is incredibly compelling. I can’t wait to work with the team, investors, and community to help Utah’s economy soar.”