Sherer Resigns From Executive Committee

Jan 1, 2003

NPPA Immediate Past President and Executive Committee member Michael D. Sherer resigned from the Executive Committee on November 24 in protest of their vote to go forward with a bank application for a line of credit. "This does not mean that I am giving up on the NPPA," Sherer wrote. "I will remain an active participant as long as anyone will have me. For what it might be worth, I just had to make this change in my service. I hope you all understand."A special election is being held this week to replace Sherer on the EC. Only Board members are eligible to vote on the replacement. If you have questions, please submit them to your Regional Director or Associate Director.Sherer posted this eMail to the EC and Board of Directors online: "It is with a deep sense of sadness that I submit my resignation from the EC. After tonight's vote to go forward with a $100,000 line of credit application to cover the devastation of our reserve fund, I can no longer support the direction that the leadership is taking."

Sherer resigned only from the EC, not the NPPA.