Northwood University announces the retirements of both Dr. Timothy Nash and Karl Stephan effective June 30, 2020 and July 31, 2020, respectively.
Dr. Nash spent the majority of his adult life with Northwood University, starting as a student athlete and then continuing his career in a variety of roles, including professor, dean, provost, vice president of graduate programs, and most recently, Senior Vice President, Strategic and Corporate Alliances and the Director of the McNair Center.
While Dr. Nash is retiring from his role as Senior Vice President for Strategic and Corporate Alliances, he is excited to remain with the university and dedicate his time and efforts to growing the scope and influence of the McNair Center for the Advancement of Free-Enterprise and Entrepreneurship. In this role, he will continue his writing and research activity, related to championing freedom and free enterprise and the vital role entrepreneurs play in the growth of the U.S. and global economy, and especially in industries ranging from automobiles and trucking to finance and professional sports. Nash will continue to provide steady leadership to this important part of Northwood University directing its efforts, while managing key relationships with associations and chambers of commerce as well as key foundations.
“Tim’s legacy is well entrenched and he’s impacted thousands of students during the more than four decades of walking the halls of Northwood’s campus,” said Kent MacDonald, President, Northwood University. “He will be dearly missed in his role as Senior Vice President; however, we’re so pleased for the opportunity to continue to work with him at the McNair Center.”
For more than a decade, Northwood has benefitted from Stephan’s steady hand guiding the university’s large and complex finance and administration area. Over these many years, he calmly and confidently navigated countless challenges ranging from the sale of properties and addressing complex finance matters, to leading many of Northwood’s administrative areas. Beyond exceptional operational leadership, he also served the Board of Trustees as Secretary and Treasurer, ensuring all governance, legal and compliance issues were addressed effectively and efficiently.
“Although this has been a year of challenge and change, Karl prepared a balanced 2020-21 budget that received unanimous approval by the Board of Trustees earlier this month,” stated MacDonald. “I will miss his wise insights and counsel, but wish him health and happiness as he spends more time with his family in Ann Arbor.”
ABOUT NORTHWOOD UNIVERSITY
Northwood University is committed to developing leaders of a global free-enterprise society and prepares students for success in their careers and communities. Rooted in the Northwood Idea, the university promotes the importance of free enterprise, ethics, individual freedom and responsibility.
Private, nonprofit, and accredited, Northwood specializes in managerial and entrepreneurial education at a full-service, residential campus in Midland, Michigan. The Adult Degree Program is delivered in multiple states and online for students with transfer credits and work experience who are looking to complete their undergraduate degree. The DeVos Graduate School of Management offers MBA and Master of Science degrees in Finance, Business Analytics, and Organizational Leadership with day, evening, and online delivery options. The Doctor of Business Administration (DBA) program is delivered online, with a differentiated focus on leadership and business analytics using qualitative and quantitative methodologies. International education is offered through study abroad and at International Program Centers in Switzerland, China (Changchun and Wuxi), and Sri Lanka. For additional information regarding Northwood University, go to www.northwood.edu.
