UB President to Retire

August 30, 2010 Updated Aug 30, 2010 at 5:26 PM EDT

By WKBW Programming

August 30, 2010 Updated Aug 30, 2010 at 5:26 PM EDT

BUFFALO, NY (WKBW) - University at Buffalo President John B. Simpson announced Monday that he plans to retire effective January 15.

Simpson announced his decision at a news conference Monday afternoon. Scott D. Nostaja, UB's senior vice president and chief operation officer will serve as interim president while the college organizes a national search for their next president.

Simpson, UB's 14th president, says he will retire to the West coast to spend more time with his family. Simpson added that this difficult decision was made easier by "Albany's failures."

Simpson said his decision to retire was not easy, "but it is one I have made with great satisfaction in all that this university community has achieved together over the past several years, in those areas we control. I retain full confidence that UB can become the premier public research university we have been working together to build."

He added that while his retirement plans are motivated by a personal desire to be closer to family, he would be "less than forthright not to note that this difficult decision has been made somewhat easier by Albany's failure to give UB and SUNY the policy tools and stable support needed to fully achieve this university's great potential.

"UB's promise, and its potential to transform this community, have been threatened severely by repeated budget cuts and, most recently, by the latest setbacks from Albany," he said.

Simpson has served as the President of UB since 2004. His full statement can be read here.