The University of Minnesota has replaced the firm hired to find its next president after the company took on a presidential search for another Big Ten university.
Citing divided loyalties, the U decided to part ways with Storbeck/Pimentel and Associates, which it hired on a roughly $220,000 contract to help recruit and vet candidates to replace President Eric Kaler.
"We did not make this decision lightly," said David McMillan, chair of the Board of Regents. "We needed a firm dedicated to finding the next great leader of the University of Minnesota."
Back in August, partners with Storbeck/Pimentel cautioned the U's governing board that the university would be in direct competition with several peer institutions, including Michigan State University, that were also seeking new top administrators. Late last month, the firm signed on to help with Michigan State's search.
Storbeck/Pimentel, with offices in California and on the East Coast, refunded a payment of $74,666 and will be compensated only for expenses the firm incurred.
"We had a very different understanding — the board and the firm — of where their time would be committed and to whom," McMillan said. "I don't want their attention split. I don't want competition for leading candidates."
The university has engaged the Association of Governing Boards of Universities and Colleges to help the 23-member committee of faculty, staff, students and others appointed to lead the search.
The switch is an early setback for the high-stakes search for a new U leader, but Storbeck/Pimentel co-founder Alberto Pimentel said the move will not disrupt the process. Pimentel said the firm could have handled both searches at the same time, with a different partner working on each. But he understood the regents' concerns.