The President and CEO of the International Franchise Association (IFA) Matthew Shay has resigned from his position. The resignation was announced by IFA Chairman Ken Walker, who revealed that Mr Shay has accepted the position of President and CEO at the National Retail Federation.

Mr Walker said: "Matthew Shay has done an outstanding job as President and CEO of the IFA and we wish him and his family all the best as he assumes his new responsibilities. We will immediately form a search committee comprised of IFA leaders to find his replacement as quickly as possible."

Mr Shay, who joined the IFA in 1993, added: "It has been an honor for me to serve the franchise industry over the past 17 years and a privilege to have made so many close friends. I'm proud of what we have been able to accomplish on behalf of our members, including increasing the awareness of IFA and franchising among a variety of audiences, particularly in Washington, D.C. IFA has a solid financial foundation and membership is bouncing back strongly after the recent economic challenges facing our country. I am confident that the progress we have made will continue under the strong team of leaders and staff guiding the organisation."

Published: 18 March 2010

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