The Institute for Supply Management (ISM) has announced the departure of CEO Thomas W. Derry after a 13-year tenure, and has appointed Debbie Fogel-Monnissen as interim CEO.
Fogel-Monnissen assumes the role after nearly a decade as chief financial officer at ISM.
“Debbie brings with her nine years with ISM, deep institutional knowledge, strong operational experience and a clear understanding of ISM’s mission and strategy. The Board has full confidence in her leadership,” said ISM.
The organisation expressed sincere gratitude to Derry for his leadership and impact during his tenure as CEO, and stated that ISM remains strong and fully focused on serving its members, customers and partners.
“The organisation’s mission, strategy, programs and services continue without disruption,” it added.
Derry joined ISM as CEO in July 2012, following previous CEO Paul Novak’s retirement after 15 years in the role. He previously served as vice president and chief operating officer at the Association for Financial Professionals.
At the time, Derry called the role an “honour” and pledged to “continue building worldwide appreciation of the strategic role the profession plays in our increasingly interconnected global economy.”
Fogel-Monnissen has been with ISM since 2017, following 14 years at Mastercard in various roles, including chief audit executive, executive vice president of international markets and European chief financial officer.
Both Derry and Fogel-Monnissen have yet to publicly comment on the news.
Arizona-based ISM is the world’s first and largest not-for-profit professional supply management organisation. Founded in 1915, it has a community of more than 50,000 across 100 countries.
Its mission is to advance the strategy and practice of integrated, end-to-end supply chain management through leading-edge, data-driven resources, community and education to empower individuals, create organisational value and drive competitive advantage.
