Jay Jordan will continue as President and CEO of OCLC.
Here's an excerpt from the press release:
The OCLC Board of Trustees has concluded that rather than moving forward with the appointment of Jack B. Blount as its President and CEO, it is in the best interest of OCLC to have Jay Jordan continue serving in these capacities. Mr. Jordan has agreed to postpone his retirement to continue leading OCLC.
The OCLC Board of Trustees believes Mr. Jordan's strong track record, his skills as a leader, and his ability to identify and navigate emerging trends, make him uniquely qualified to serve the nearly 72,000 institutions that use OCLC services.