WASHINGTON D.C. - The Progress & Freedom Foundation announced today that it has initiated a formal search process for its next president. The Foundation also said it has accepted the resignations of Acting President Thomas M. Lenard and Vice President for Development Garland McCoy.

"All of us at PFF are excited about the opportunity to bring new energy and ideas to bear on the challenges facing policymakers in the digital world," PFF Chairman Jay Keyworth said in announcing the search. "We are of course grateful for the long service and substantial contributions made by Tom and Garland, and wish them the best as they depart."

"We are all proud of the Foundation's accomplishments," Keyworth said. "The Board concluded that our ability to further expand both our activities and our impact will best be served by bringing in a new team at the top." He said the Foundation is already considering several qualified candidates and expects to announce its choice of a new president within a matter of weeks.

"The Foundation's strong team of scholars, led by Senior Fellows Tom Sydnor, Adam Thierer and Scott Wallsten, is producing an exceptional body of work," Keyworth said. "We will be looking to our new president to further increase the Foundation's visibility and impact while maintaining and expanding its research programs and educational activities."

"We also take great pride in our strong management and support team, led by Vice President Jane T. Creel," Keyworth said. "After more than a decade with PFF, Jane is one of the most experienced and effective non-profit administrators in the country."

Keyworth expressed thanks to Lenard and McCoy for their long service to the Foundation. "Tom and Garland have contributed tremendously to the Foundation's success over the course of many years."

The Progress & Freedom Foundation is a market-oriented think tank that studies the digital revolution and its implications for public policy. It is a 501(c)(3) research & educational organization.