Shearer announces retirement as president of Transylvania University
LEXINGTON, Ky., Oct. 24, 2009—President Charles L. Shearer today announced his retirement to the Transylvania University Board of Trustees at their annual fall meeting. Upon his retirement, effective June 30, 2010, after 27 years in office, he will be the longest-serving president in Transylvania’s 230-year history. Board chair William T. Young Jr. reluctantly accepted Shearer’s resignation and said that a committee will be appointed immediately to oversee a national search for his successor. He also spoke on behalf of the board in tribute to Shearer’s many years of dedicated service to the university. “During Charles Shearer’s tenure, Transylvania has been transformed,” Young said. “When he became president in 1983, the university had a enrollment of fewer than 700 students, a minimal endowment, and an aging physical plant. Today, Transylvania’s enrollment is at our comfortable capacity of about 1,100, the endowment stands at $115 million, the campus has been essentially rebuilt, and the university is ranked among the leading liberal arts colleges in the nation. This transformation has been driven by Charles’s leadership, attention to detail, dedication, and incredible enthusiasm.” Young noted that Shearer’s 27-year tenure is remarkable in comparison with other college and university presidents across the country, whose average tenure is 8.5 years in office, according to the American Council on Education. He also said that Shearer has graciously agreed to stay on as president beyond June 30, if necessary, until the right candidate is identified and appointed. He
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