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Appraisal Institute CEO Announces Resignation

resignationAfter 10 years of service, the Appraisal Institute, the nations largest professional association of real estate appraisers, recently accepted the resignation of CEO Frederick H. Grubbe, MBA, CAE, through their Board of Directors. Jim Amorin, MAI, SRA, AI-GRS, has been appointed as 2017 President as the organization’s Acting CEO.

Amorin will continue as President through his one-year term, which will end December 31, 2017. The Appraisal Institute is currently looking for a new CEO.

“I have enjoyed my tenure at the Appraisal Institute, and I am grateful to have had the opportunity to work with so many fine people over the years,” Grubbe said in his resignation letter to the AI Board of Directors. “I am proud of what we’ve accomplished, and I wish you nothing but the best in addressing the many issues you have before you.”

The Appraisal Institute Executive Committee, which consists of Amorin, President-Elect James L. Murrett, MAI, SRA; Vice President Stephen S. Wagner, MAI, SRA, AI-GRS; and Immediate Past President Scott Robinson, MAI, SRA, AI-GRS – said in a letter to the AI Board of Directors: “Fred’s leadership has helped stabilize and improve the association’s finances, bringing our national reserves to a current high. He has been instrumental in the establishment of a professional staff culture and has helped structure an efficient operation. Fred’s vision helped shape many of the programs that are in place today, and his steady hand driving strategic initiatives has been valuable.”

The Institute also announced Jefferson L. Sherman, MAI, AI-GRS, of Highland Heights, Ohio as its 2018 VP. Sherman’s term, which spans one year, will begin on January 1, 2018, followed by one year each as President Elect, President, and Immediate Past President. He will serve on the Appraisal Institute’s Executive Committee and policymaking Board of Directors all four years and chair the Finance Committee and National Nominating Committee in 2018 and 2021 respectively.

“Fred dedicated himself to the Appraisal Institute and its members and laid the groundwork for the association’s future. We wish Fred well in his future endeavors.”

About Author: Joey Pizzolato

Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email joseph.pizzolato@thefivestar.com.
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