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.