UI Foundation president to step down
The head of the University of Illinois Foundation announced Monday morning (Jan. 9) he will step down as president at the end of the year.
Sidney Micek, president and CEO of the foundation, the private fundraising arm of the university, plans to work on a part-time basis on special projects for the organization.
"I believe this is the right time for me to step down as head of the foundation for both professional and personal reasons," Micek said. "It has been a privilege and honor to lead the foundation and to serve this great university."
Micek has been at the helm of the organization during the UI's Brilliant Futures fundraising campaign, the school's largest. As of Nov. 30, 2011, $2.327 billion was raised, surpassing the goal of $2.25 billion.
A national search for his replacement will be launched and a new president is expected to be announced before Micek steps down at the end of 2012.
"Sid's extraordinary leadership will yield dividends for generations to come, through the life-changing programs supported by our historic Brilliant Futures Campaign," said University of Illinois President Michael Hogan in a written statement. "His passion and tireless work — coupled with the generosity of nearly 250,000 donors — have made the U of I a model for the private giving that is now so critical to advance our rich legacy as a world leader in education and innovation," Hogan said.
Micek, 69, became president and CEO in 2000. He came from Syracuse University, where he worked in development.