U. of Kentucky President Will Step Down After Decade in Office

Lee T. Todd Jr., president of the University of Kentucky, announced today that he would step down after more than 10 years on the job, the Lexington Herald-Leader reported. Mr. Todd, 64, said at a news conference that he would leave on June 30, 2011. Mr. Todd, a former engineering professor and entrepreneur who built and sold two successful companies, gained attention for his ambitious Top 20 Business Plan, which aimed to make the university into a top-20 public research institution by 2020. Mr. Todd said in 2009 that the university was making progress toward the goal but was hampered by fiscal challenges and state budget cuts.