IABC finally set to select new CEO

SAN FRANCISCO: As the IABC is at last on the brink of appointing a

new CEO, early results of a Deloitte & Touche audit has confirmed that

the member body lost dollars 1 million in 2000.

The incumbent CEO, Elizabeth Allan, quit in January, after the discovery

that dollars 200,000 was missing from the organization's coffers, which

kicked off a catalog of woes. However, having shortlisted four

candidates, the IABC hopes to have hired its preferred replacement by

mid-June, when its annual international conference takes place.

The mystery candidate, according to interim IABC president Lou Williams,

is a current head of an international professional association.

Crucially, this person 'has experience taking over an association going

through financial duress.'

Deloitte & Touche's five-month investigation into the IABC's chaotic

books is expected to conclude that the organization has cleaned up its

bookkeeping and has provided two years of adequate cash projections,

meaning that the body may finally be able to put its problems behind it.

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