IRVINE, Calif.--The Ayn Rand Institute (ARI) announced today that John Allison, a member of the Institute’s Board of Directors, has decided to resign from the Board, noting a desire to reduce his professional commitments and devote full energies to his new position as chief executive officer and President of the Cato Institute in Washington, D.C.

Michael Berliner and Arline Mann, co-chairs of ARI's Board of Directors, commented: "We are extremely grateful to John for his many years of highly effective work on behalf of ARI and Objectivism. This is a loss for us; fortunately, John has generously agreed to be available for us to consult with, on an occasional, ad hoc basis. We wish him well in his exciting new position at Cato."

"I am proud of the Institute's accomplishments in achieving its mission to spread Ayn Rand's ideas," said Mr. Allison. "I am sincerely grateful for the support I've received from the Institute's Board of Directors, contributors, and employees. I certainly continue to support ARI, which is well-positioned and is on a clear path to increasing Ayn Rand's influence on the culture."

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