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,...