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TUCSON - The Tucson Chamber of Commerce has eliminated the position of its second-in-command.

According to Mike Varney, Tucson Chamber of Commerce CEO, eliminating the chief operating officer position is all part of "strategic restructuring" in order to improve revenue.

Bill Holmes held the COO position since April 2011.

The chamber is offering Holmes to stay with them as vice president of special projects, Varney said.

Financial and operational duties will be handled by a newly created position, Varney said.

Varney said that all businesses, no matter if they are for-profit or non-profit, have to take certain measures in order to ensure their financial stability. "This is just business," Varney said.

The chamber also eliminated two full-time positions by consolidating several part-time and administrative postions, Varney said.