short answer, no. (I'm not saying it's not possible, but...)
from MS article (
http://office.microsoft.com/en-us/outlook/HA011276781033.aspx):
Change meeting organizers
If a recurring meeting is changing to a new organizer, there is not a way to reassign the ownership of the meeting. The original organizer should send an update with a new end date the past meetings remain on everyones calendars, but future occurrences after the end date are removed. The new meeting organizer should send a new meeting request for meetings in the future.