CSU Chancellor Reed announces retirement

California State University Chancellor Charles B. ReedCalifornia State University Chancellor Charles B. ReedCalifornia State University Chancellor Charles B. Reed announced his retirement today, capping off a 14-year tenure with the university system.

Reed began with the 23-campus system when enrollment was only at 100,000 students. It has since grown to 427,000 students and added a new campus in the Channel Islands in 2002.

During his time, Reed has managed budget cuts totaling more than $1 billion, or 35 percent of the CSU's budget in the past four years.

Despite the challenges, Reed oversaw some positive initiatives, like the Early Assessment Program implemented in 2004 and helped to pass a new California law in 2010 establishing an Associate Degree or Transfer for students who have completed 60 transferrable units, among others.

Reed earned several awards for his work as chancellor, including the Hesburgh Award for Leadership Excellence in 2012 and the Harold W. McGraw, Jr. Price in Education in 2008.

"It has been an incredible honor to serve as chancellor of the California State University during such a dynamic period in the university's history," Reed said in a statement. "Over the past decade and a half, the CSU has emerged as a national leader in providing access and support to students from a wide range of socio-economic backgrounds. Our campuses have continued to flourish even in the face of budgetary challenges."

Besides the CSU system, Reed also served for 13 years as chancellor for the Florida State University system.

Reed is expected to stay on as chancellor until a replacement is named by the CSU Board of Trustees.

Reed said he and his wife will return to Florida to spend more time with family, and he will continue to pursue higher education related projects.