Following two years at the helm of the Chamber, Sarah Budd has tendered her resignation effective Oct. 18

In a letter to Chamber members, chair Noah Crowley didn’t give a reason for Budd’s resignation.

“During her two years at the helm of our organization, Sarah led the Chamber team with dedication and enthusiasm,” Crowley wrote. “Sarah helped usher in a new era of lobbying, ensuring the concerns of our members were heard by the Ontario and Canadian Chambers, and by our mayor, MPP and MP.”

Gail Moorhouse will step in as Interim President & CEO.

Crowley stated she will support the staff as it prepares for the Business Excellence Awards next month, the Canadian Chamber of Commerce Annual General Meeting and other fall events.

“Gail is an expert in executive leadership, with a depth of experience managing through change,” Crowley said. “On behalf of the board, I extend my sincere thanks to Sarah and I wish her continued success in the next chapter of her career.”

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UPDATED: Here's the video of his resignation in the House...

The Young and the Restless

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Peterborough is without an MP as Dean Del Mastro has resigned his seat, CBC reports, less than a week after being found guilty of spending too much on his 2008 campaign. "I will not be a distraction in Peterborough," he said during his emotional resignation in the House of Commons.

Del Mastro was found guilty last week on three counts of violating the Canada Elections Act—exceeding spending limits during the 2008 election, failing to report a personal contribution of $21,000 to his own campaign and knowingly submitting a falsified document.

No word on when the by-election will be.