Christopher DeMuth to Step Down as AEI President

Christopher DeMuth has announced that he will retire as president of the American Enterprise Institute in 2008. DeMuth became president in 1986. Under his leadership AEI’s budget grew from $7.7 million in 1987 to $23.6 million in 2006, its finances improved from a $9 millon debt to a $76 million asset balance, and its annual budget averages a more than $1 millon surplus of income over expenses. DeMuth will remain a scholar at AEI. A search committee has been composed to seek his replacement.