Poshard says he wants to make sure there is a seamless transition as he moves out of the office, and hoped to give Trustees plenty of notice to find someone new. He says stability is important.
"We had had a succession of Presidents who had been here three, two years at a time. I've been here 7 ½ years, will be here 8 ½ years. I think we've stabilized that arena."
Poshard also pointed to new stability on the Board of Trustees, after months of turmoil, as one thing that made his decision easier. He says Randal Thomas' leadership as Chairman of the Board is a great asset.
Thomas passes credit back to Poshard, and thinks the transition to new leadership will be made easier because of how things have been organized.
"We have the right people in place, and we have the right deputies in place, and we have the right process for replacing people when we need them."
Poshard has been President since 2005. He'll leave the university 18 months before his contract expires, but he says this is the right time to move on.
Thomas says a search for Poshard's replacement will begin as soon as possible.