The Appraisal Institute’s new president Lance Coyle will begin his one-year term on Jan. 1, 2015, the association said in a press release.

The Appraisal Institute is a professional association of real estate appraisers with nearly 22,000 professionals in almost 60 countries.

Along with its new president, the institute announced its elected officers for 2015: President-Elect Scott Robinson, Vice President Jim Amorin and Immediate Past President Ken Wilson.

Also serving on the Appraisal Institute’s executive committee, as a non-voting member, is CEO Frederick Grubbe.

“It is a privilege to serve the Appraisal Institute as the organization continues its leadership in the valuation profession,” Coyle said. “I look forward to working with my fellow national officers and valuation experts to continue the great work of educating and advocating for valuation professionals around the world.”

Previously, Coyle was the organization’s president-elect in 2014 and its vice president in 2013.

He will become immediate past president in 2016 and will serve in 2015 as chair of the Appraisal Institute’s Executive Committee and will chair the organization’s policy-setting Board of Directors.

Coyle brings 30 years of experiences in the real estate valuation profession to his new position.