Tulane President Cowen to retire in 2014

NEW ORLEANS (AP) - Tulane University President Scott S. Cowen has announced his plan to retire next year. In a statement posted on the university's website, Cowen said Friday that he will step down on July 1, 2014.

Cowen said he had told the Tulane board in 1998 that he would serve for 10 years as president.

He said Hurricane Katrina in 2005 changed that, as he joined the effort to help Tulane and the city of New Orleans recover from the effects of the storm.

Cowen said it is time for new presidential leadership to guide the university as it implements a new strategic plan and fundraising campaign.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)