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University of Michigan Names Brown Provost Schlissel President

Jan. 24 (Bloomberg) -- The University of Michigan’s Board of Regents named Mark Schlissel, a biomedical researcher and provost of Brown University, as president as the school tries to raise a record $4 billion.

Schlissel, 56, takes over July 1 from Mary Sue Coleman, a biochemist who has held the post since 2002, the university in Ann Arbor said today in a statement.

Schlissel, who has an undergraduate degree from Princeton University and a Ph.D. and M.D. from Johns Hopkins University, will lead Michigan as the cost of higher education comes under scrutiny and student debt increases. Among the goals of Michigan’s fundraising campaign, the largest effort by a public university, is student support.

“Mark Schlissel brings an exceptional portfolio of scholarship and leadership, and just as importantly a tremendous commitment to Michigan’s public ethos,” Andrea Fischer Newman, head of the Board of Regents, said in the statement.

Almost 44,000 undergraduate, graduate and professional students attend the University of Michigan, founded in 1817.

Alumni include real-estate developer Stephen Ross, who announced a $200 million gift to the school last year, and Charles Munger, vice chairman at Warren Buffett’s Berkshire Hathaway Inc., who pledged $110 million last year.

To contact the reporter on this story: Janet Lorin in New York at jlorin@bloomberg.net

To contact the editor responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net

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