Erik Juul-Mortensen has been elected to the presidency of the Tax Free world Association for a further term of one year. This marks 16 years that Juul-Mortensen holds the top position at the Association.
Commenting on his re-election, Juul-Mortensen said, “I am honored to be asked to assume the Presidency of TFWA for a further year. Among our priorities in 2016 will be the mid- to long-term strategy review of TFWA and its activities. I look forward to working alongside the TFWA Board, Management Committee and executive team on this important project which will, ultimately, define how our activities evolve in the next five to ten years.”
Juul-Mortensen has been a member of the TFWA Management Committee since the Association was founded in 1984. He was elected to the Board in 1986, serving as Vice President Marketing & Communication for ten years with a further year as VP Special Projects. He was elected President in September 1999.
In other news from the Management Committee meeting, members of the Board and executive team provided a detailed report on the success of the Association’s activities over the past year, and discussed plans for forthcoming events as well as the objectives of a mid- to long-term strategy review for the Association which will be conducted in early 2016.
The Management Committee also decided on the charities that will receive financial support from TFWA Care in 2016.
The executive team reported that TFWA Care is receiving requests for funding from charities all over the world in ever-increasing numbers and reiterated that each request is assessed according to the operating criteria of the organization.
The Management Committee was also given a summary of the financial affairs of the Association for the period May 1, 2014 to April 30, 2015.
Frederic Garcia-Pelayo, TFWA Vice-President Financial commented, “I am pleased to report that the financial affairs of TFWA are in good order, with a healthy net profit after tax from our activities in the last financial year which will further consolidate the Association and enable it to invest in future activities for the benefit of members and the industry as a whole.”