Westminster College's interim President Donald P. Lofe Jr. has been named the school's 23rd president.
Lofe, the former chair of the Westminster Board of Trustees, began serving in the position when former President Fletcher Lamkin retired last June.
The "interim" label will be removed from Lofe's title on July 1. With this change, Lofe is expected to stay in the position through June 2024.
"We feel that stability in leadership is very important to an institution," Lofe said.
Lofe graduated from Westminster in 1979 with bachelor's degrees in accounting and political science. He earned his MCA with concentrations in finance and business policy from the University of Chicago School of Business.
Lofe — who has worked in insurance, community lending and mortgage-related service industries — earned Westminster's Lifetime Alumnus Achievement Award in 2010. He was chief risk officer for IBM Corporation's Global Business Services — Mortgage and Lending Services and a partner with PricewaterhouseCoopers.
As interim president at Westminster, Lofe has been credited with developing strategic, capital and financial plans. Vice President for Academic Affairs David Roebuch said in a news release Lofe has communicated well with faculty.
Lofe conducted student town halls, online sessions with parents and held listening sessions with faculty, staff, alumni, students and donors. Lofe said he learned a lot about the college and the Westminster community.
"Don's appointment reflects the board's confidence in the job he's done as interim president and in his vision for the college's future," board chair Jim Morton said in a news release. "From the outset, we made it clear that this appointment would be no ordinary 'caretaker' interim role.
"Don fully accepted the responsibility of overseeing Westminster College, even though the institution was in the midst of the pandemic, which presented unprecedented challenges for our college and every academic institution in the country."
Lofe did not anticipate leading a school but said he has enjoyed the experience. He credits his experience in areas of risk and finances as helpful.
Lofe said his future goals for Westminster include addressing the effects of the pandemic, continuing to increase enrollment and strengthening finances.
"I'm honored and humbled by the confidence the college and the board have placed in me," Lofe said.