Interim president named for University of Memphis - WMC Action News 5 - Memphis, Tennessee

Interim president named for University of Memphis

R. Brad Martin (Source: Tennessee Board of Regents) R. Brad Martin (Source: Tennessee Board of Regents)

(WMC-TV) - A member of the University of Memphis' Board of Visitors has been named interim president for the university.

R. Brad Martin will begin serving as interim president on July 1.

President Dr. Shirley Raines announced Monday she is retiring at the end of June. She plans to move to Oak Ridge, Tennessee to be closer to her grandchildren. She has led the campus for 12 years.

Martin will begin working with Dr. Raines on April 25 to prepare for the role.

"Mr. Martin will maintain the momentum at the University of Memphis while leading the institution through a time of important transition," Tennessee Board of Regents Chancellor John Morgan said in a written statement. "He has deeply established connections to the campus and the community, as well as a sincere respect for the academic mission and a strong commitment to shared governance."

He continued, "Mr. Martin's interim leadership will provide a new perspective to the university's business operations and a broader view on the relationships with the local, regional and state economy."

Martin is a retired chairman and CEO of Saks Incorporated. He currently chairs a private investment firm. He graduated from the University of Memphis in 1976 and served as student government president and as a member of the Student Ambassador Board.

In addition to his time spent at the University of Memphis, he is a generous donor and volunteer. He chaired the Board of Visitors and the U of M Foundation Board of Trustees. Martin is also a recipient of the Distinguished Alumni Award.

He currently serves as a University Athletic Ambassador and is a member of the Tiger Athletic Advisory Board.

"Dr. Raines' 12-year tenure at The University of Memphis has been marked by significant advancements in its critical mission of teaching, research, and service," emphasized Martin in a written statement. "The U of M is fortunate to have in place a dedicated and talented faculty and staff and an enthusiastic and loyal alumni and friends. I look forward to working with them to maintain the outstanding momentum of this most important institution."

The search for the U of M's next president will begin this summer. The university hopes to have a new president in place before July 2014.

Copyright 2013 WMC-TV. All rights reserved.

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