8/17/2019 of Southern eatrfomra Marl . Message Regarding use Presluemlal Message Regarding USC Presidential Transition 1 message Board 0' Trustees Chalrman Sun, Jun 30, 2019 317:03 PM Reply-Ta: Beam 01 Truslees Chairman Deal Memhers ollhe USC Communiiy, with summer upon us, we have embarked on one of the most consequential presidential transitions in our 139-yeaf history and the beginning of an inspiring new era for the University of Southern California, ever the past eleven months, Dr, Wanda Austin has led with dignity, couragey selttessness and grace, She was not a caretaker president but rather a committed full--time chief executive who never once avoided making the hard decisions, Dr. Austin has made an authentic difference at a time when candor and clarity were essential while fostering the rise of a brighter future for USC. We will be forever grateful for her indelible contributions to USC and are pleased that she will continue serving as a Tmstee. Dr. Carol Fall's presidency begins tomorrow, July 1st. Since her election in March, er, Folt has spent time in Los Angeles meeting with students, faculty, and staff at both the University Park and Health Sciences campuses. She is carefully building her leadership team and has been working closely with Dr, Austin to ensure a smooth, seamless transition, You will be hearing a great deal more from Dr, Folt soon, In the meantime, I encourage you to note Friday, September 20' on your calendar as the date that she will be formally inaugurated as the 12m president of As you know wally this past year has been full of exceptional challenges together with positive, historic changeuse where everyone including the Board is held accountable for their actions and where there is zero tolerance for improper conduct. Across the university there is a commitment to meaningful culture reformy restoring trust and always putting the interests of our most important stakeholders -- the students we serve -- at the heart of everything we do. All of this momentum is because of you -- our remarkable faculty students staff and alumni, The Board has been humbled and inspired by your dedication and devotion to use our surrounding community and to each other. The Board is also proceeding with modernizing USC's governance to ensure more effective, inclusive, innovative and transparent leadership, use has tripled in size over the past thirty years while our govemance structure has remained largely the same, We know you expect and deserve world--class governance along with a Board that reflects the University as it stands today and in the future, To that end, we have deliberately evaluated best practices at leading institutions across the globe and have engaged directly with student, faculty, and staff leaders for their input, Beginning this fall, the Board will act upon series of significant fundamental reforms. anstees are aligned in this mission of transformation and we will keep you informed as these actions are taken, in the meantime the successful recruitment of Dr. Folt and the recent announcement of our new use Marshall School of Business dean, Geoffrey Garrett, are further demonstrations of positive change and the determination to enhance USC's global reputation. They also confirm that use continues to be a place where the most exceptional leaders, scholars, and students want to be . particularly at this moment, This is the momentum we seek to build upon together with a singular fidelity to preeminence in every place, space and circumstance. httpo Hmall google 1/2 8/17/2019 University of Southern California Mail - Message Regarding USC Presidential Transition I look forward to seeing you at Dr. Folt's presidential inauguration and at our first 2019 Trojan football game at the newly renovated Los Angeles Memorial Coliseum on Saturday evening August 31st. I recently toured the Coliseum and it is simply fantastic. There is so much more to accomplish at USC and together we will continue to transcend, achieve and advance our great University. Have a great summer. Sincerely, Rick J. Caruso Chair Board of Trustees University of Southern California 3551 Trousdale Parkway ADM 300 Los Angeles, California 90089-0012 Office: 213-821-9706 Fax: 213-740-9820 https://mail.google.com/mail/u/1?ik=904340b36b&view=pt&search=all&permthid=thread-f%3A1637820446659979840&simpl=msg-f%3A16378204466… 2/2