ROGERS PARK — The Rev. Michael Garanzini has stepped down as president and CEO of Loyola and into a new role as chancellor of the university, Loyola announced Thursday.
Garanzini has led the school for 14 years.
John Pelissero, the university's provost and chief academic officer, has been appointed interim president by the school's board of trustees, effective July 1.
The transition would allow Garanzini to spend more time in his role as the Secretary for Higher Education for the Society of Jesus, according to a statement from the university.
In his new, limited role at the school, Garanzini will serve as an adviser while assisting with fundraising.
"It's been a wonderful 14 years, and I am grateful for this opportunity to have served as President of Loyola University Chicago," Garanzni said in a statement. "It's really been a privilege and a great honor."
Fr. Garanzini is the ultimate Rambler. He has led @LoyolaChicago with a spirit that lifts anyone up. Best of luck to him in his new role— Senator Dick Durbin (@SenatorDurbin) March 19, 2015
Loyola says it will soon launch a search for a new university president.
Garanzini oversaw a $500 million capital plan that had transformed the university's campuses. In Rogers Park, that included the construction of several new buildings. The Damen Student Center and the university's new sustainability center opened in 2013.
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