The University of Chicago’s Board of Trustees has extended the appointment of President Paul Alivisatos through June 2030.

Alivisatos, a chemist, has helmed the university since September 2021. In a statement Wednesday, the board lauded his “ambition, optimism and clear sense of direction” as the school’s 14th president.

“Year over year, he has relentlessly advanced the distinct values and traditions that distinguish this university from others,” the statement said. “His steadfast and principled leadership has benefited the University tremendously, particularly as it navigates a period marked by both significant challenges and opportunities for higher education.”

The announcement comes as U. of C. faces mounting fiscal challenges. Last month, school officials unveiled plans to slash $

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