New Chair, Vice Chair Named to Board of Governors

The Florida Board of Governors has chosen a new chair and vice chair to help lead the StateUniversity System.

Mori Hosseini, who currently serves as vice chairman of the board, will replace Dean Colson as chair. Colson's term ends in January.Colson will remain a member of the Board of Governors through 2017.

Tom Kuntz, chair of the boards Budget and Finance Committee, will replace Hosseini as vice chair. Both Hosseini and Kuntz will serve two years in their positions.

Their terms on the board run through 2017 and 2019, respectively.

Chairing this board for the past two years has been a joy, a challenge and a privilege,Colson said. Weve made some remarkable accomplishments, and I know well be in good hands the next two years under the leadership of Governors Hosseini and Kuntz.

Hosseini is chairman and CEO of Intervest Construction Inc, a companyhe has owned for more than 30 years. He has served on the Board of Governors since2010, and has most recently chaired the boards Trustee Nominating and Development Committee, helping to oversee the interviewing and selection of dozens of appointees to boards of trustees across the State University System.

Kuntz is the geographic banking executive for SunTrust Banks, where he overseesthe companys 16 geography-based business units comprised of nearly 1,700 branches in 11 states and the District of Columbia. Kuntz also serves as chairman, president and CEO of SunTrust Bank, Florida.Kuntz was appointed to the Board of Governors in 2012 and as chair of the boards Budget Committee has led the development of the boards new performance-funding model.

Hosseini and Kuntz will assume their leadership roles at the boards next meeting in January.

Im so proud of the work of this Board of Governors. Over the past few years, under the leadership of Dean Colson and those chairs before him, we have seen a transformation of our State University System, Hosseini said. We are more cohesive than ever before, together dedicated to ensuring access, academic quality and accountability for ourstudents.

Working with this Board of Governors has been a true honor, Kuntz said, and I look forwardto the further gains were sure to make in the months and years to come.