Longtime Security Industry Association (SIA) CEO Richard Chace on Thursday announced his resignation, effective immediately.

The SIA Executive Committee and Mr.Chace mutually agreed that his decision to resign at this time was in the best interests of all parties,” said Gordon Hope, chairman of the SIA Board of Directors Executive Committee. “We thank Mr. Chace for his service and wish him well in his future endeavors.”

The association has formed a search committee to seek candidates for an executive director to manage SIA moving forward,” Hope said. 

According to the SIA’s website, Chace negotiated the organization’s first international agreements between European, Asian and Latin American trade organizations. These MOUs advance the development of international security standards, training programs, market research and mutually beneficial trade policies.

Chace has served on the board of directors for the National Crime Prevention Council, has been a member of the U.S. Chamber of Commerce's Committee of 100, and has been a regular private sector advisor on security issues to the U.S. House of Representatives policy committee’s technology subcommittee.

In addition, Chace served as an advisor and industry representative on the Department of State Overseas Building Operations Industry Advisory Panel and was appointed to the Department of Commerce Industry Sector Advisory Committee on Electronics and Instrumentation for Trade Policy Matters.

In the wake of the 9-11 attacks, he served as an advisor and security expert for two guidebooks on tall building safety assessment.