Sheldon Drucker to retire as Fairleigh Dickinson University President in 2016
Marking 20 years of advancing leadership at the University
TEANECK, NJ (June 3, 2015) – Sheldon Drucker, president of Fairleigh Dickinson University (FDU), announced today that he will retire at the end of the 2015–16 academic year. Drucker was appointed president in 2013, but served for two years prior to that as acting and interim president and previously served the University for 15 years as chief financial officer and chief operating officer.
In a note to the community announcing his retirement, Drucker thanked the University for its support and said serving as president was the most fulfilling professional experience of his life. “I cannot tell you how honored I have been to work with so many talented faculty and devoted staff on behalf of this extraordinary institution and its incredible students,” he wrote. “As president, I was exposed to so many facets of our operation, and I got to see first-hand the impact we have on students from all walks of life and from all corners of the globe.”
Drucker cited several important achievements in recent years that have continued the University’s momentum and positioned FDU well for future growth. These included the creation of a five-year strategic plan approved by the Board of Trustees last year, the growth of major initiatives such as the Vancouver Campus and the School of Pharmacy, the development of new academic programs and new partnerships with institutions like community colleges, the continued support from individuals and organizations, important enrollment successes both in terms of the quantity and quality of the student body and the continued strength of the University’s fiscal health. (See FDU highlights under President Drucker)
“I am so proud of all that we have done in a relatively short amount of time, and all the credit goes to the community,” he said. “I merely helped nurture a few strategies and supported those who were ready to do great things.”
Drucker said the decision to retire was a difficult one “but the time is right, and our institution is well positioned for a new chapter in its storied history.” But he promised there was still work to do in his final year. “I remain fully invested in our mission and our goals. We have much to do next year, and I look forward to every minute of it.”
Board of Trustees Chair Patrick J. Zenner thanked President Drucker for his “extraordinary service” to FDU. “He has been the right leader to help us navigate this critical period, and under his leadership we have grown much stronger. Shelley has brought stability and continuity with the achievements of the past, he has confronted head-on the pressing challenges facing universities today and charted a clear path to future distinction.”
In nearly two decades serving FDU, Drucker has been an influential force driving numerous initiatives and skillfully balancing budgetary stewardship with integral investments in the future. Serving as the former chief financial officer, Drucker led an impressive financial resurgence at the University that he continued as president. FDU has now achieved 16 consecutive years of budget surpluses, and its endowment has grown from less than $10 million when he arrived in 1996 to more than $65 million today. He also helped finance major capital investments, and as a result of his strong financial management, Fitch Ratings upgraded the University’s bond rating twice during a very difficult economy, first in 2011 and then again in 2015.
Drucker joined FDU in 1996 as vice president for finance/treasurer and was named senior vice president and chief operating officer in 2007. Drucker served as acting president while former president J. Michael Adams was on medical leave in 2011–2012. Adams passed away in June 2012.
Prior to joining the University, Drucker was the chief financial officer of IVC Industries, Inc. (1994–1996), and partner at PricewaterhouseCoopers LLP (1979–1993). Drucker is a member of the American Institute of Certified Public Accountants, New Jersey Society of Certified Public Accountants and the Institute of Management Accountants.
Zenner said that Drucker would be missed. “His steady hand and fiscal expertise, great integrity, strong judgment and strategic thinking have inspired so many important accomplishments. We owe him a world of gratitude, and we will take several opportunities during the next year to express how much he has meant to this University.”
Zenner added that the trustees will now develop a plan to select Drucker’s successor.
About Fairleigh Dickinson University
Devoted to the preparation of world citizens through global education, Fairleigh Dickinson is New Jersey’s largest private university and features more than 100 liberal arts and professional degree programs, two international campuses, dozens of partnerships with internationally renowned institutions and special programs and status within the United Nations. For more information, go to www.fdu.edu.
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