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May 14, 2014 10:31 AM

Tom McDonnell is stepping down as Kauffman Foundation CEO

The announcement by the foundation that McDonnell, 68, will give up the top position on June 30 and leave the foundation at the end of the year surprised much of the civic community. The foundation said McDonnell’s “personal plans do not allow for a long-term commitment in his current role” consistent with the foundation’s five-year strategic plan. Wendy Guillies, a foundation vice president in charge of communication, will become acting president and CEO on July 1.

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