Mike Boyle installed as TEI's president.

Michael P. Boyle of the Seattle Chapter became the 57th President of Tax Executives Institute at the conclusion of TEI's Annual Meeting of Members in August. The meeting, which was held in La Jolla, California, marked the end of the term for Judith P. Zelisko of the Chicago Chapter, who is Vice President-Tax for Brunswick Corporation.

The Institute's Annual Meeting of Members also saw the installation of other Institute officers and new representatives from TEI's 53 chapters, including a Vice President for TEI's newest region (comprising its European and Asia Chapters). The meeting also presented the opportunity for the Institute to release its financial statements for the fiscal year ending June 30, 2004, which reflected revenues totalling more than $5 million, net revenues for the year of more than $700,000, and net assets of more than $5 million.

At the Board of Directors meeting immediately following the annual meeting, Mr. Boyle presented and the Board affirmed, TEI's goals for the year under the theme of "Continuity, Challenge and Change: Enhancing TEI's Effectiveness in 2006." The Institute's objectives include contributing to the ongoing debate on tax reform; expanding the Institute's involvement with non-tax agencies (not only in the United States but throughout the world); sponsoring high-quality, affordable educational programs; enhancing the ability of senior tax executives to network; reviewing TEI's governance structure (especially in light of TEI's expansion to Asia); conducting a membership satisfaction survey; and taking steps to ensure the continued financial stability of the organization.

Mr. Boyle, who is Corporate Vice President-Finance for Microsoft Corporation in Redmond, Washington, most recently served the Institute as Senior Vice President and chair of the Continuing Education Committee. A TEI member since 1990, he has been a member of TEI's Executive Committee and has served as Regional Vice President. He chaired the Communications Committee in 2002-2003 and is a former member of TEI's International Tax Committee, which he chaired during 1999-2000. In 2003, he became Secretary of the Institute. Mr. Boyle also served as President of the Seattle Chapter and its Chapter Representative.

Also installed at the Annual Meeting of Members were David L. Bernard of the Northeast Wisconsin Chapter as Senior Vice President, Robert J. McDonough of the New England Chapter as Secretary, and Vincent Alicandri of the Toronto Chapter as Treasurer. Nine Regional Vice Presidents and new Chapter Representatives were also installed. At the Board of Directors meeting immediately following the annual meeting, the chairs of the TEI's steering committees were appointed.

For additional information concerning TEI's goals and objectives for the coming year, please see Mr. Boyle's President's Corner Column.