Institute for Supply Management™ (ISM) Selects New CEO

FOR RELEASE: May 16, 2012

Derry to succeed Novak in association leadership role, beginning July 30, 2012.

(TEMPE, Ariz.) May 16, 2012 — Institute for Supply Management™ (ISM) announced today that it has completed the search for a new CEO and chosen Thomas W. Derry to lead the world's leading supply management association, effective July 30, 2012. Derry will succeed Paul Novak, CPSM, C.P.M., A.P.P., MCIPS as ISM CEO. Novak has served as ISM's top executive since 1997.

Derry is currently vice president and chief operating officer at the Association for Financial Professionals (AFP) in Bethesda, Maryland, a US$23 million association serving 17,000 corporate treasury and finance professionals in North America and more than 100,000 online registered readers worldwide. In his role with AFP, Derry is responsible for strategic planning and development, including U.S. and Canadian membership organizations and two wholly owned, for-profit U.K. subsidiaries. He has experience in all organizational functions, including advocacy, finance, human resources, sales, product development, publications, certification, education and training, conference production and marketing. Prior to joining AFP in 2003, Derry was with LexisNexis Group in Dayton, Ohio.

"Following a thorough and rigorous recruitment process, the search committee determined that Tom Derry is a top-notch choice," said ISM Board Member and ISM CEO Search Committee Chair Lisa Martin, C.P.M. "We interviewed a number of outstanding candidates and are excited to have found an individual who brings a wealth of experience in association management as well as someone who can define and execute a clear strategy and vision for ISM."

Early in 2011, current ISM CEO Novak announced his plans to retire, providing ample time for ISM's Board of Directors to conduct a comprehensive search for his successor. "The ISM Board greatly appreciates the excellent work Paul has achieved as CEO for the past 15 years," said ISM Board Chair Sidney Johnson, CPSM. "He has done a masterful job of broadening the association's focus and worldwide reach. While initially the search committee focused on executives from the purchasing and supply management field, we soon realized that a seasoned and successful association professional with exceptional marketing and strategic program development experience would ensure ISM's long-term growth and solid reputation."

Under Novak's leadership, ISM experienced a major change in governance, global expansion and the creation of new programs and services for supply management professionals. "It's been a privilege to lead ISM during a time of profound and constant change — both for the profession and the association," said Novak. "I'm confident we've found the right leader for ISM's next chapter and believe Tom brings proven talent and skills to lead the organization's dynamic future on a global scale."

"It is an honor to be selected for this critical role at ISM, an organization which truly has demonstrated thought-leadership for the profession over its illustrious history," said Derry. "From its closely watched monthly Manufacturing and Non-Manufacturing ISM Report On Business®, sponsorship of leading applied research, pioneering promotion of professional ethical standards, and leadership in promoting diversity in supply management, corporate social responsibility and environmental sustainability, ISM has truly established the developing frontier for the global profession. I look forward to working with ISM's outstanding board of directors, its volunteers and members, and a talented staff in continuing to build worldwide appreciation of the strategic role the profession plays in our increasingly interconnected global economy."

Press and media information
Requests for information or interviews should be directed to Jean McHale, ISM Public Relations at jmchale@ism.ws.

Institute for Supply Management™ (ISM) is the first supply management institute in the world. Founded in 1915, ISM exists to lead and serve the supply management profession and is a highly influential and respected association in the global marketplace. By executing and extending its mission through education, research, standards of excellence and information dissemination — including the renowned monthly ISM Report On Business® — ISM maintains a strong global influence among individuals and organizations. ISM is a not-for-profit educational association that serves professionals with an interest in supply management who live and work in more than 80 countries. ISM offers the Certified Professional in Supply Management® (CPSM®), Certified in Supply Management™ (CSM™) and Certified Professional in Supplier Diversity® (CPSD™) qualifications, and is a member of the International Federation of Purchasing and Supply Management (IFPSM).


Media Contact:
Jean McHale | jmchale@ism.ws
Manager, Public Relations
Institute for Supply Management™
(U.S. only) 800/888-6276, extension 3143
(International) +1 480/752-6276, extension 3143