NEW YORK — Richard Joel, the president of Yeshiva University, announced that he will step down by the end of his current term.
Joel, 65, made the announcement Thursday in an email sent to Y.U. staff, students and alumni, and obtained by JTA. Joel’s term is set to expire in 2018, but an official associated with Y.U. told JTA on condition of anonymity that Joel has agreed to step aside earlier if a successor is found and can begin before the term ends.
“I am well into my 13th year of the presidency and the 28th year of leading Jewish educational institutions,” Joel wrote. “When I accepted a third term as president, I informed our chair, Henry Kressel, that it would be my last. As we now are poised to advance, I have asked chairman Moshael Straus to begin the process of transition and to identify and recruit my successor. This wonderful and committed lay leadership deserves to have the time to be deliberate in that process.”