American Skiing Company today announced that Les Otten, the former chief executive and company founder, has resigned from its board of directors.
Otten’s resignation comes amid speculation that Utah-based American Skiing may be looking to sell its Sunday River and Sugarloaf ski resorts in Maine.
Otten built Sunday River into the biggest ski mountain in Maine before taking the company public. He later stepped down as CEO, but still owns a home near the resort.
American Skiing this month announced that it was selling all its Vermont and New Hampshire resorts, leaving it with just three ski areas – Sugarloaf and Sunday River in Maine, and The Canyons in Utah.
In a prepared statement, Otten said it’s “time to look at other options.”