Repository: UIHistories Project: Board of Trustees Minutes - 1980 [PAGE 503]

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492

Date 11/14 11/15 11/15 11/15 11/16 11/19 11/19 11/19 11/19 Number $ 480 000 200 000 200 000 480 000 1 500 000 500 000 2 500 000 1 000 000 1 000 000

BOARD OF T R U S T E E S

[December

12

11/19 185 000 11/29 40 000 11/30 2 000 000 11/30 2 600 000 O n m o t i o n of

Cost/ Description Yield Amount U.S. Treasury bills due 7/22/80 12.34% $ 441 848 00 U.S. Treasury bills due 12/27/79 12.17 197 200 00 U.S. Treasury bills due 1/31/80 12.37 194 845 28 U.S. Treasury bills due 4 / 2 4 / 8 0 12.79 454 025 33 U.S. Treasury bills due 5/15/80 12.63 1 410 405 00 Continental Bank 13% percent time deposit due 2/19/80 13.88 500 000 00 Continental Bank 14 percent time deposit due 5/19/80 14.00 2 500 000 00 Continental Bank 14 percent time deposit due 6/16/80 14.00 1 000 000 00 Continental Bank 14 percent time deposit due 6/26/80 14.00 1 000 000 00 U.S. Treasury bills due 3/20/80 11.86 177 852 83 U.S. Treasury bills due 4 / 1 / 8 0 11.35 38 495 16 U.S. Treasury bills due 2/14/80 11.52 1 952 500 00 U.S. Treasury bills due 6/24/80 11.70 2 436 140 80 M r s . S h e p h e r d , this r e p o r t w a s a p p r o v e d as p r e s e n t e d .

Appointment of a Chancellor, Urbana

(21) I recommend the appointment of John E. Cribbet, presently acting chancellor and dean and professor of law at the Urbana-Champaign campus, as chancellor of the University of Illinois at Urbana-Champaign, effective December 12, 1979, on a twelve-month service basis, at an annual salary of $70,900. T h e University Statutes provide that the chancellor, under the direction of the president, serves as the chief executive officer for the campus. John Cribbet joined the faculty of the College of Law in 1947 and was appointed dean in 1967. He has served as acting chancellor at Urbana since July 1, 1979, following the resignation of Chancellor William P. Gerberding. This recommendation is made with the advice of a search committee 1 of fifteen members, twelve elected by the Senate and three recommended by the president to represent groups not officially represented in the Senate. It has been my distinct personal pleasure to work closely with John Cribbet since my arrival in September. He will bring to the position of chancellor extensive experience as an academic leader, soundness of judgment, and a superb reputation in his profession. His extensive knowledge of this University and the esteem in which he is held both on and off the campus will enable him to provide the special qualities of leadership I believe we need in the years ahead. I n p r e s e n t i n g this r e c o m m e n d a t i o n , P r e s i d e n t I k e n b e r r y e m p h a s i z e d his c o n f i d e n c e a n d satisfaction in t h e p r o c e s s e m p l o y e d in t h e s e a r c h , t h e t i m i n g , a n d t h e q u a l i t y of t h e r e c o m m e n d a t i o n itself. H e h a d e n t e r e d t h e p r o c e s s w h i l e it w a s u n d e r w a y ( a s s u m i n g t h e p r e s i d e n c y o n S e p t e m b e r 1. 1979) a n d h a d f r e q u e n t m e e t i n g s w i t h t h e c o m m i t t e e , in p a r t i c u l a r its c h a i r m a n . H e t h e n p r e s e n t e d Professor W i l l i a m J . H a l l , c h a i r m a n of t h e

1 William J. Hall, professor of civil engineering,chairman; John J. Bateman, professor of the classics and of speech communication; Daniel C. Drucker, dean of the college of engineering, professor of civil engineering and of theoretical and applied mechanics; Willis H. Flygare, professor of chemistry: Susan E. Franson, graduate student; Lloyd C. Hodges, graduate student; Richard P. Jerrard professor of mathematics; Barbara A. Kucera, administrative aide, civil engineering; Shelley A. Levitan, undergraduate student; Kitty O. Locker, assistant professor of English; Bruno NettI, professor of music and of anthropology; Robert B. Riley, professor and head of the Department of Landscape Architecture; Robert G. Spitze, professor of agricultural economics; Victor J. Stone, professor of law; Edwin W. Vernon, extension communications specialist in agriculture.