- Associated Press - Friday, January 22, 2016

DURHAM, N.C. (AP) - The president of the historic Carolina Theatre in Durham has resigned weeks after announcing the organization was more than $1 million in debt.

The News & Observer of Raleigh reports (https://bit.ly/1nqOQVn) Bob Nocek announced his resignation on Friday. He joined The Carolina Theatre of Durham staff as vice-president and chief operating officer in 2009. He became president of the nonprofit organization in July 2010. The organization runs the theater.

Durham businessman and philanthropist Dan Berman has been named by the board as interim president and CEO. He will receive no compensation in his role.

In December, the nonprofit’s leaders announced they had run up an additional $800,000 in debt since July 2013, when they and the rest of the board thought the city-owned theater was making a profit.

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Information from: The News & Observer, https://www.newsobserver.com

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