Here’s why the CEO of women’s tennis just stepped down

Stacey Allaster, the CEO of the Women’s Tennis Association, is stepping down from her role atop the organization started by tennis great Billie Jean King.

During her tenure, Allaster secured $1 billion in diversified contracted revenues, pushed the game into the Asian Pacific market, and secured a huge contract to bring women’s tennis more media time.

In other tennis news, Serena Williams, who recently failed to win the Grand Slam of tennis, or winning all four majors in a calendar year, held a New York Fashion Week show.