U of I Foundation President Micek to Step Down

The head of the University of Illinois' fundraising arm says he's stepping down at the end of 2012.

University of Illinois Foundation President Sidney Micek will serve as president through December, and then remain with the Foundation part time, working on special fundraising initiatives. The foundation has raised nearly 3-billion dollars under Micek, much of it through the U of I's Brilliant Futures campaign.

In a press release, U of I President Michael Hogan says Micek's leadership will yield dividends for generations to come. The foundation notes that private funding is partially responsible for many newer facilities on the Urbana campus, including the Alice Campbell Alumni Center and Business Instructional facility.

The foundation expects to name Micek's successor before he leaves the job.