To the Campus Community:

I am pleased to share the news that Executive Vice President and Chief Financial Officer Timothy P. Slottow today was named president of the University of Phoenix.

Vice President Slottow has been a member of the University community since 1998, and for the last 12 years has led the 60 offices that comprise Business and Finance at U-M. He has played an integral role in the University’s growth and financial stability throughout the recession, ensuring our academic excellence as he worked in partnership with our academic and university leaders. His fiscal acumen has served U-M exceptionally well, and I thank him.

Among his accomplishments are a U-M endowment that now stands at $8.4 billion and the highest possible bond ratings from both Standard & Poor’s (AAA) and Moody’s Investor Services (Aaa). His leadership has shaped many initiatives to enhance the student and employee experience including the physical transformation of campus with new and renovated facilities.

Vice President Slottow will continue at U-M through June 19. I will recommend to the Board of Regents that Douglas L. Strong, chief executive officer of U-M Hospitals and Health Centers, be appointed interim executive vice president and chief financial officer, effective June 20. He has been a member of the U-M Health System since 1998, previously serving as associate vice president for Health System finance and chief financial officer of the Hospitals and Health Centers. We’re fortunate that the Health System is in such a strong position, enabling us to tap Doug for this critical role.

Please join me in congratulating Tim Slottow on his exciting new role in American higher education.

Mary Sue Coleman
President

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