CEO John W. Spargo Retires from J. Spargo & Assoc.; Susan Bracken Named to Top Post
September 18, 2013
After 40 years with J. Spargo & Associates, John W. Spargo will step down from the CEO post and Susan Bracken, president and COO, will step in, effective Sept. 23.
Spargo founded the company in 1973 that now employs 160 full-time professionals.He will retain his chair position of the company’s board of directors.
The change in leadership was part of what the company called a “carefully crafted strategic plan” that was adopted by the board.
“Working at the company and with its talented employees and management team for nearly 40 years has been an honor,” Spargo said.
He added, “It has been a privilege to serve alongside such a passionate group of employees and to work with our many partners and customers; and I look forward to continuing to work with the Board of Directors.”
Bracken also has been a long-time employee of the company. For 20 years she has helped to drive the growth of the J. Spargo & Associates, which services nearly 100 events annually.
“On behalf of everyone at J. Spargo & Associates, Inc., I would like to thank John Spargo not only for his vision and leadership as CEO and Chairman of the Board, but also for the dedication and commitment that he has tirelessly given to the company for more than 40 years,” Bracken said.
She added that because of Spargo’s “principled decision-making, his competitive drive and his charismatic leadership style, the company has become the leading provider of registration, housing, meeting logistics, venue sourcing and exposition sales and management services.”
Spargo also focused on developing quality talent and ensuring a smooth transition plan was in place when he made the decision to step down from his CEO post, Bracken said.
Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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