September 12, 1990
TO: BOARD OF GOVERNORS NO. 65-90
RE: PRESIDENTIAL SUCCESSION
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As you will recall, at the January meeting of the Board a
Committee was appointed to recommend a successor to Dave Silver
as President of the Institute on his retirement in 1991. It was
understood that the Committee would report to the Board at the
October 1990 meeting with a recommendation.
As I will more fully report to you at the October meeting
the Committee, after a careful and deliberate process, has
fulfilled its mandate and has a recommendation. The process has
involved a careful study of the office of the President leading
to an updated job description, an articulation of the
qualifications for the position, and extensive membership input
at each step, including suggestions of nominees.
At a meeting held yesterday, the Committee completed its
work by unanimously agreeing on a nominee and, at a meeting last
evening, the Executive Committee added its unanimous endorsement
that Matthew Fink be named as the fourth President of the ICI
when Dave retires.
I believe that we have arrived at an excellent result, that
the unanimity of views on the Committees was both
enthusiastically and thoughtfully reached and also reflected the
strong views of virtually all of the many members of the
Institute who communicated with the Committee orally and in
writing. As I stated at the outset, I will make a complete
report at the October meeting, but I wanted to share with the
Board the Committee's recommendation and the Executive
Committee's endorsement at the earliest possible moment.
Thomas R. Powers
Chairman