Casteen to Retire Next Year

In a press release this afternoon, the university announced that President John Casteen declared at today’s Board of Visitors meeting that he’s resigning his position next year. On August 1, 2010 he’ll conclude his 20th year as UVA president, and he’s taking that as his occasion to retire. It was widely speculated that he wouldn’t step down until the conclusion of the school’s $3B capital campaign, but the economic slump presumably made that goal move considerably farther into the future than perhaps he’d planned. The BOV will start their for a replacement next month.

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