DENVER BUSINESS JOURNAL - Toastmasters International will sell its headquarters building in Rancho Santa Margarita and move to Denver in 2018, according to reports.
The nonprofit — which aims to help members improve their speaking and leadership skills and says it has more than 345,000 members with 15,900 affiliated clubs in 142 countries — had previously announced that it was "considering" the move in August.
Members attending the group’s annual international convention in August in Washington, D.C., passed a proposal to lift a requirement that its headquarters be based in California. More than 97 percent of delegates supported the decision to move, The Los Angeles Times reported.
Toastmasters Chief Executive Daniel Rex, who called the move "deeply emotional," said the costs of operating in Orange County were a major consideration in the move. The company employs about 180 people.