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      New president named for University of Missouri

      Update: 4:23 p.m. Tuesday:

      The search is over for a new University of Missouri President.

      After a year of exploration, the Board of Curators has chosen former computer software executive Timothy Wolfe as the 23rd President of the University of Missouri four-campus System.

      University Leaders said Wolfe TMs business experience makes him the right man for the job.

      University Officials said Wolfe, 53, is a business-minded leader with Missouri roots. As a graduate of Mizzou TMs business school, Wolfe was recently the president of a computer software company and before that he was a 20-year IBM Executive. He replaces Gary Forsee, another former businessman, who stepped down as University President in January to care for his ill wife. Wolfe wants to attract more funding to the University.

      Wolfe said, Sometimes we look at a glass as half empty. I really believe the glass is half full, if you think about all of the results and accomplishments that these four campuses have achieved.

      The Curators started their presidential search with a list of about 100 candidates. Wolfe will be paid a base salary of $450,000 with the potential to earn up to $100,000 in performance bonuses.

      UM Curators Chair Warren Erdman said, The fact that he grew up here in Columbia, that he was the quarterback of the Rock Bridge State Championship Football Team, that he TMs had a 30-year career in business that has given him international and national experience, and then now he comes home to put those experiences to work for our University are great advantages.

      Wolfe had nothing to say about the University TMs switch from the Big 12 to the SEC.

      Wolfe plans to meet with Governor Jay Nixon and other Missouri lawmakers as soon as possible. Wolfe said he embraces the Governor TMs push for performance-based funding for higher education.

      Wolfe will take over as President of the four-campus system in mid-February.

      Wolfe said he will use the time until then to visit with people around the state and learn more about the University.

      Original Story:

      A nearly year-long national search for a new University of Missouri system president is over.Timothy M. Wolfe was named the school's 23rd system president on Tuesday.The Board of Curators Chair Warren K. Erdman announced Wolfe to alumni, students and media.Tim Wolfe comes back to us as a successful graduate with a 30-year career in business, Erdman said. He comes back to us now with national and international experience, but with a heart that has always stayed in Missouri. Now he wants to come home and give back to the university that prepared him for his success.KRCG's Mark Slavit will have more on Wolfe and his new job today at noon, 5, 6 and 10.