Rutgers University is in the process of looking for a new university president after Richard McCormick, the school’s current president, announced his resignation today at a board of governors meeting. The 63 year old McCormick will be leaving his job, which is worth $550,000 per annum, at the end of the academic year. He is scheduled to return as a history professor in 2013 and will receive a one year paid sabbatical.
Ralph Izzo, chairman of the board of governors at Rutgers spoke at a press conference and said; “It will be difficult to find a successor as able as Dick McCormick.”
McCormick explained that his decision was not made in haste and that he had been discussing his resignation with his wife for about a year. For the last ten years McCormick has been head of Rutgers University and says in his last year he plans to focus on making the school even better with fundraising ideas and a proposal which would see the Robert Wood Johnson University Medical School combined with the Rutgers system.
Governor Chris Christie said “I thank President McCormick for his service to the university as a whole and to the state of New Jersey.”
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