University of Toledo President Lloyd Jacobs will step down effective June 30 after being nominated to serve with a global economic development nonprofit organization based out of Washington, D.C.“I am honored to have been nominated to be a Distinguished Fellow with the Council on Competitiveness. The trustees of The University of Toledo and I have preliminarily agreed that, to allow me to avail myself of this unique opportunity, I will be granted a sabbatical leave beginning July 1, 2014, until I return as a professor of surgery in 2015,” Jacobs said.
“I have enjoyed the last eight years in my current role and the 10 years Ola and I have spent in Toledo. I am enthusiastically looking forward to working with the Council on Competitiveness as a Distinguished Fellow during this sabbatical and perhaps beyond,” he said.
“I want to thank Dr. Jacobs for his service to The University of Toledo and for elevating this institution to new heights on the national stage,” said Joseph Zerbey, chairman of the UT Board of Trustees. “Given that success, it is easy to see why the Council on Competitiveness would look to him to put that expertise to work on a national and international scale.”
In appreciation of Jacobs’ many contributions to The University of Toledo, the $36 million Interprofessional Immersive Simulation Center will be named in Jacobs’ honor, Zerbey said.
The board will announce its appointment of an interim president at the board meeting scheduled for Monday, June 23.