ANN ARBOR (WWJ/AP) – The University of Michigan Board of Regents has appointed an advisory committee to help search for the school’s next president.

The board on Thursday announced the appointment of seven faculty members to work with the board and a search firm. Russell Reynolds Associates will be paid a $300,000 flat fee with expenses not to exceed $50,000.

In April, President Mary Sue Coleman announced she would step down when her contract expires in the summer of 2014. She will leave as the university’s fourth longest-serving leader.

The regents can choose the school’s 14th president from a pool of candidates recommended by the advisory committee, but retains the right to select a candidate outside the pool.

The committee plans public meetings to discuss what qualities to look for in a president.

Wishing luck to her successor, Coleman, the Ann Arbor school’s first-ever female president, said heading up the university was “the most challenging and rewarding work” of her career.

TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.


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