After two years as CEO of TEDCO, George Davis plans to step down from the leadership role at the state’s quasi-public agency that supports early stage tech and life sciences companies.

Davis’ last day will be July 31. According to TEDCO, Davis’ contract expired, and he decided not to renew. Davis is planning to pursue a new opportunity, but further details weren’t available.

“George Davis has provided stellar leadership and vision to TEDCO, and we are grateful for his service,” Francis Smyth, the chairman of TEDCO’s board of directors, said in a statement. “Our Board originally charged George with building on TEDCO’s solid foundation to make TEDCO the central hub for tech entrepreneurs and startups in Maryland. By any measure, George and his team achieved that goal and more. We are sorry to see him go and wish him well in his next endeavor.”

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