Wayne Powell, who has served as president of Lenoir-Rhyne University in Hickory since 2002, announced that he will retire at the close of this school year.
Powell will remain as president until the summer of 2015. He retires in the same year that the university celebrates its 125th anniversary.
The university has not provided details on how it will choose Powell’s successor.
During Powell’s tenure, the university merged with the Lutheran Theological Southern Seminary, established graduate centers in Asheville and Columbia, surpassed a $65 million capital campaign goal and increased enrollment and its endowment.
During Powell’s tenure as president, the university’s endowment grew from $39 million in 2002 to $95 million in 2015.
“His leadership has had a tremendous impact on the University as well as the communities it serves,” said Charles Snipes, chairman of the university’s board of trustees, in a statement. “Dr. Powell is one of a kind, and we have been so blessed to have him as president.”
Cleve R. Wootson Jr.