University of Toledo trustees name interim president

TOLEDO, Ohio (AP) — The University of Toledo has named a temporary replacement for its outgoing president.

The school’s board of trustees voted unanimously Monday to appoint Gregory Postel as interim president. He will be taking over from Sharon Gaber, who plans to leave next month to become chancellor at the University of North Carolina at Charlotte.

Postel will begin his duties Wednesday, initially serving as a consultant and then assuming the interim president post once Gaber leaves. His contract calls for an annual salary of $500,000 with an option for an incentive bonus not to exceed 20 percent of his compensation.

The school’s board can also extend his contract up to six months if its search for a new president — which is expected to begin this fall — takes longer than expected.

Postel, who once served as interim president at the University of Louisville, is now the senior client partner representing health-care services and higher education for Korn Ferry, an organizational consulting firm.