Photo Credit: Maxine Dovere
YU President Richard Joel (L) with past President Rabbi Dr. Norman Lamm.

Yeshiva University President Richard Joel has announced he plans to step down at the end of his current term, and possibly earlier if a successor can be found before 2018.

The announcement was made by Joel, 65, in an email sent to YU alumni, staff and students on Thursday.

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“I am well into my 13th year of the presidency and the 28th year of leading Jewish educational institutions,” Joel wrote.

“When I accepted a third term as president, I informed our chair, Henry Kressel, that it would be my last.

“As we now are poised to advance, I have asked chairman Moshael Straus to begin the process of transition and to identify and recruit my successor. This wonderful and committed lay leadership deserves to have the time to be deliberate in that process.”

Earlier in the day on Thursday (Sept. 10) Yeshiva University and Montefiore Health System announced they sealed a landmark deal between the two that gives Montefiore operational authority and responsibility over Albert Einstein College of Medicine (Einstein).

Under the agreement, Yeshiva University remains responsible for academic oversight, including the granting of degrees. YU also runs a satellite program in Israel.

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