6 June 2007

Chairman John Hoey Leads AIM into 2008

John Hoey FAIM, General Manager for the Commonwealth Bank (Qld & NT) has been unanimously re-elected as Chairman of the Australian Institute of Management Board for his second term.

As a career banker with more than six years service to the AIM Board, Mr Hoey presented a robust and commercial vision for the Institute at the recent Annual General Meeting.

“2006 was a tremendous year for AIM, building on the continuing investment in people, technology, innovation, programmed R&D and first class content our consolidated revenue rose 15 per cent over 2005 to break the $10 million barrier while bottom line we generated a record surplus of $550 000,” Mr Hoey said.

“Within just five years we have grown from a small “innovative business” with turnover of $5 million and a breakeven bottom line to a medium sized “innovating business” with enviable diversity and strategic agility.”

The Institute actively seeks out initiatives that develop the brand to demonstrate leadership in the field of management capability development.

From its Queensland location AIM Qld & NT have strived to create a national footprint in research, online learning and publishing.

“In 2006 AIM generated revenues of $61 million Australia wide delivering an operating surplus of $2.3 million with our contribution to that surplus being 24 per cent,” Mr Hoey said.

“We consider that this division offers the most diverse range and scale of activities in the national network and leads the way in coaching for both corporate interactions and public intakes."

A commitment to regional and remote managers is unmatched anywhere in Australia and is evidenced by active regional AIM Committees lead by local managers of influence who provide the nucleus for AIM in these centres.

“The Institute’s ongoing three year planning cycle allows us to maintain strategic agility while keeping an eye on the future,” Mr Hoey said.

“Looking forward in 2007, the board and management are seeking significant growth in the Institute’s Graduate Studies Centre underpinned by first class courseware and lecturers who are second to none.”

“AIM will continue to encourage managers to think more strategically about the changing nature of business and to explore new ways of delivering value back to their businesses or organisations.”

AIM Members can view the full year 2006 financials online by logging into the members only section, MemberNet.