Appraisal Institute (AI) President Paula Konikoff released a statement on AI’s LinkedIn page regarding the recent allegations made against Craig Steinley, the former president and current vice president of the appraisal organization, as reported by The New York Times. Konikoff wrote that Steinley has told AI’s Board of Directors that he has decided to “step away.” 

“Craig Steinley, vice president of the Appraisal Institute, has told the Board of Directors he has decided to step away from his public AI officer appearances, effective immediately,” Konikoff wrote on the AI LinkedIn page. “He said he makes this choice out of consideration for and in the interest of not being a distraction to the important and ongoing work of the organization and will cooperate with any investigatory effort.

“The Board of Directors has formed a task force made up of non-officer directors to work with outside counsel to guide an effort to consider policies, procedures, protocols and actions associated with ensuring a safe and respectful environment for Appraisal Institute staff and members,” Konikoff continued. “Outside counsel will report findings to the Board, and the Board will determine, in the best interests of the organization, what steps to take based on those findings and share that with membership. Please know that the Board is moving as quickly and thoughtfully as possible, but this will take time.”

The statement follows a story by the New York Times about several women accusing Steinley of sexual harassment.  Read our story here.

Valuation Review will continue to update our readers with the latest news on this situation.