USOC tabs Stanford fundraiser to lead foundation

US Olympic Committee tabs Stanford exec to spearhead new fundraising foundation

COLORADO SPRINGS, Colo. (AP) -- The U.S. Olympic Committee has hired Stanford's Jon Denney to become chief development officer and president of its new fundraising arm.

The USOC recently created the United States Olympic and Paralympic Foundation to increase the level of contributions directed toward Olympic athletes.

Denney is a former All-American swimmer at Stanford. He is leaving the school's development office after 11 years. Before that, he worked in Stanford's athletic department.