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President of U. of Phoenix to Retire

William J. Pepicello intends to retire as president of the University of Phoenix, the for-profit college announced on Wednesday. Mr. Pepicello began working at the university in 1995, and has served as its president for the last seven years. The university said Mr. Pepicello had agreed to remain in his position until his replacement was named, and announced that its board would undertake an immediate search for a successor.

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