The Maine Restaurant Association and the Maine Innkeepers Association will create a jointly owned company to provide management services for both organizations.

The Maine Restaurant Association said Dick Grotton, its president and chief executive, will retire at the end of the year. The current executive director of the Maine Innkeepers Association, Greg Dugal, will lead the new management company and become CEO of both associations.

Each association will maintain its own independent board of directors, committees, staff and budget. The two associations will be located in adjoining office space in Augusta by no later than June 2014, equally sharing the cost of management services, rent, equipment leases and other expenses where appropriate. 

Grotton has agreed to play a limited consulting role through 2014. A search will begin in early July to seek a chief operating officer to assist Dugal with management responsibilities for these two organizations.