Latest news with #InnovationFoundation
Yahoo
18-02-2025
- Politics
- Yahoo
Kayse Shrum's resignation letter says she wants to return to OSU medical school after sabbatical
Former Oklahoma State University President Kayse Shrum's resignation letter to the OSU/A&M Board of Regents indicates she wants to return to OSU's faculty after a sabbatical. The Oklahoman obtained the letter, dated Feb. 3, and a copy of her contract via an open-records request. The newspaper still has a large open-records request for information connected with Shrum's resignation pending with the university and the board of regents, which governs the school. Both entities are funded by taxpayers. OSU officials, including regents' Chair Jimmy Harrel, have refused to discuss the circumstances surrounding Shrum's departure from the university presidency after less than four years or why they waited until Feb. 5 to announce her resignation. OSU officials kept secret Shrum's situation from some of the state's top education officials, who learned of what had happened via media reports. Shrum's departure was especially curious, given her popularity with students, faculty and state lawmakers, who all have been vocal in support of her since news of her resignation became public. Shrum has not returned multiple messages seeking comment. In her letter, she told regents she requested that she begin an official sabbatical on Feb. 3, which would run through June 30, the end of the academic year. 'Following this academic year, I will return to the tenured faculty at the OSU Center for Health Sciences per my contract, effective July 1, 2025,' she wrote. 'It has been an honor and a privilege to serve as the President of Oklahoma State University. I believe during my tenure I have set the university on a course to a bright future.' The only hint given by OSU officials about why Shrum resigned came on Feb. 7, when they released a list of motions approved by regents during a Jan. 31 meeting. The motions concerned a review of the OSU Innovation Foundation, a favored project of Shrum that was rebranded in 2023 from its former name, the Oklahoma State University Research Foundation. Shrum said then the foundation was 'a crucial pillar of our We Are Land-Grant strategy' she forged during her tenure. One of the motions approved Jan. 31 indicate regents were reviewing transfers of funds appropriated by the Legislature involving the Innovation Foundation. Along with Shrum, one of the Innovation Foundation's executives, Elizabeth Pollard, also resigned. Shrum, 52, became the first woman to lead one of Oklahoma's two research universities when OSU/A&M regents chose her to succeed Burns Hargis, effective July 1, 2021. Shrum, a doctor of osteopathic medicine, previously had been president of OSU's Center for Health Sciences. She graduated from OSU's medical school in Tulsa in 1998 and returned there in 2002 to teach and practice pediatric medicine. She became the youngest, and first female, dean and president of an Oklahoma medical school when she was promoted at the Center for Health Sciences in 2011 and 2013, respectively. Her current OSU contract, dated July 1, 2024, includes a clause noting that Shrum 'shall retain her faculty appointment in the Oklahoma State University Center for Health Sciences Department of Pediatrics (the 'Department') with tenure. Should this Contract be terminated prior to its expiration date and Dr. Shrum elects to return to and actively assume such academic service, such service shall be governed by the policies and rules applicable to the Department and her total compensation shall be equal to the highest-paid faculty member in the Department.' As president, Shrum received an annual base salary of $650,000, along with a $20,000 annual automobile allowance, use of the president's on-campus home, usual OSU employee benefits and memberships at both the Stillwater Country Club and Karsten Creek Golf Club. OSU also paid $75,000 annually into a retirement plan for Shrum. On Feb. 7, the regents announced the selection of James Hess as OSU's interim president. Hess most recently has served as vice president for graduate programs at the OSU Center for Health Sciences, where he has worked since 2003. The Oklahoma Higher Education Hall of Fame inducted Hess in 2023. He is from Henryetta and has spent 43 years in Oklahoma higher education. This article originally appeared on Oklahoman: Kayse Shrum wants to return to OSU medical school after sabbatical
Yahoo
08-02-2025
- Business
- Yahoo
OSU Board of Regents remains quiet on sudden resignations
STILLWATER, Okla. (KFOR) – Oklahoma State University's Board of Regent announced a new Interim President on Friday, but didn't answer to the sudden resignations seen throughout the last week. 'We got an email saying she left and then we got an email saying who the interim president is and that's it really,' said a student on campus. Many students and others expressed frustration as to what seemed like a lack of communication surrounding the entire situation. The OSU A&M Board of Regents accepted former OSU President Dr. Kayse Shrum's resignation on Wednesday. News 4 also confirmed with an unnamed OSU spokesperson that Elizabeth Pallard resigned this week as well. Shrum and Pollard both sat in leadership positions for the Innovation Foundation. According to the university, the Innovation Foundation is a mediator of sorts connecting campus research with its expertise. The foundation is home to organizations focused on aerospace, energy, and health. News 4 learned through NonDoc Media that right before Dr. Shrum's departure the Board of Regents approved motions to freeze funding and hiring related to OSU's Innovation Foundation. Dr. Shrum also released a statement to NonDoc Media. On Friday questions were directed at a Communication Vendor standing in to speak for the Board of Regents, Donnelle Harder. 'The timing is what it is, the board's constitutional responsibility is to navigate the financials of the university and when issues came forward they addressed those on Friday,' said Harder Friday. OSU A&M Board of Regents accepts President Kayse Shrum's resignation As for the now interim president, it was announced that Dr. James Hess would take Shrum's spot for now. 'The board is confident that Dr. Hess will provide the steady leadership needed to continue advancing OSU's momentum and its land-grant mission,' the OSU/A&M Board of Regents said in a statement. 'His deep institutional knowledge and dedication to student success make him the ideal choice to guide the university during this time. Dr. Hess has a proven track record of leadership and innovation, and his ability to drive meaningful progress will serve the university well in the months ahead.' The vendor didn't answer most other questions that were asked. 'There's been a lot of accusations about a lack of transparency, do you wish to address those?,' asked a reporter from the Oklahoman. 'I don't. I'm not authorized to speak on behalf of the university,' Harder said. 'But the university hasn't answered anything we've asked of them. So who do we speak to? They're not speaking to us. People are upset about it.' 'Details, I think details are emerging and they're going to share what information they can as it becomes available,' said Harder. The minutes for the meeting from January 31 aren't on the board's website available. Instead, it stated that it had to get approval from the board before it would be available. News 4 reached out to several other members who are listed on the website as being in leadership roles surrounding the Innovation Foundation. No others got back to us. The unnamed spokesperson for OSU said that there were no other resignations within the group that he knew of as of Friday. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
06-02-2025
- Business
- Yahoo
OSU's silence continues while its Faculty Council expresses thanks for Kayse Shrum's tenure
A lot of people connected with Oklahoma State University liked now-former OSU President Kayse Shrum and have been vocal in saying so since her sudden resignation became publicly known on Tuesday. But even as the university, and the OSU/A&M Board of Regents, maintains radio silence about the 'why' behind Shrum's departure after less than four years in office, it's clear Shrum wasn't so chummy with members of the nine-person regents board that oversees the university. The internal conflict, according to multiple media reports, boiled over last Friday during a regular meeting of the board. Documents obtained by online news agency NonDoc appear to show four motions approved by regents during the meeting, after a long executive session concerning a review of the OSU Innovation Foundation, a favored project of Shrum which was rebranded in 2023 from its former name, the Oklahoma State University Research Foundation. Shrum said then the foundation was 'a crucial pillar of our We Are Land-Grant strategy' she forged during her tenure. The NonDoc report indicated regents were reviewing transfers of funds appropriated by the Legislature involving OSU's Innovation Foundation, something The Oklahoman has been unable to confirm. The Oklahoman did confirm one of the Innovation Foundation's executives, Elizabeth Pollard, has resigned. Another person whose resignation from OSU was confirmed was Jerome Loughridge. Loughridge, though, said in an email to The Oklahoman Thursday that contrary to earlier reports listing him as an executive with the Innovation Foundation, he left the foundation in March 2023 to serve as Shrum's chief of staff. He said he was leaving OSU to work at a nonprofit based in Washington, D.C., and that his departure from OSU had been communicated in January. Loughridge said he was working his last days in his role at OSU 'per common practice' and emphasized he did not resign with Pollard. According to its website, the Innovation Foundation's mission 'is to maximize the impact of OSU's excellence in aerospace and advanced mobility, energy, agriculture, and One Health by translating innovative applied research into products and services, facilitating strong partnerships with aligned industry and regional partners, and investing in the development of emerging companies — all for the benefit of society.' Be the first to know: Sign up for breaking news email alerts Minutes from the Dec. 31 meeting haven't yet been approved by the regents, and so they were not available for public review. The regents have scheduled a special meeting for this Friday morning in Stillwater, at which they'll hold 'Discussions regarding an interim appointment to fill the position of President of Oklahoma State University and the OSU System,' according to the posted agenda. Jeannette Mendez, OSU's current provost and senior vice president, is serving as acting president until an interim president is named. She's worked at OSU since 2005. Shrum hasn't returned messages left by The Oklahoman and other than a short statement that didn't reveal any rationale behind what happened, the regents haven't spoken either. Normally cooperative OSU officials also have failed to return messages in recent days. The OSU/A&M regents board works under the umbrella of the Oklahoma State Regents for Higher Education, an executive agency that oversees all public colleges and universities in the state. Such was OSU's wall of silence that the state's top education official, Chancellor Sean Burrage, said he didn't become aware of Shrum's pending resignation until media reports emerged Tuesday night. Similarly, the chair of the state regents' board, Dennis Casey of Morrison, told The Oklahoman he never heard from his counterpart on the OSU board, Jimmy Harrel, who's served on both the OSU and state regents boards on and off since the 1990s. Multiple state legislators issued statements Wednesday, all praising Shrum for her work as president. On Thursday, the OSU Faculty Council joined them, expressing its appreciation for 'her leadership style that valued academic input and shared governance. During her presidency, Dr. Shrum maintained regular dialogue with the Faculty Council, demonstrating a willingness to engage with and respond to faculty concerns. Her support of faculty initiatives and her understanding of the challenges facing higher education helped strengthen the relationship between administration and faculty. Through regular meetings with the Faculty Council and various faculty committees, she fostered an environment where faculty voices were heard and respected.' The statement was signed by the council's officers, including its chair, Lisa Slevitch, a professor in the university's hotel and restaurant administration program. It said the council 'will closely monitor the upcoming leadership transition process' and is 'committed to representing faculty interests and ensuring that academic values remain central to university decisions.' OSU's women's basketball coach Jacie Hoyt was emotional when speaking about Shrum, who approved Hoyt's hire. "For Jacie Hoyt, she meant a lot. She does mean a lot," Hoyt said. "She's been an incredible friend to me. She's been an incredible mentor. She's someone that I look up to as a female leader. She's everything that I hope I can be. She's got wisdom. She's got class. She's got integrity. She's just a leader. She's been with me through the highest of highs in my time here and the lowest of lows. ... I feel like I kind of lost a hero in that sense." House Speaker Kyle Hilbert, R-Bristow, said Thursday he'd been on OSU's campus as recently as a week ago Thursday and that he had no inkling of what was brewing. He said he first heard of Shrum's resignation Tuesday morning. 'We'll see, as things come out, what the reasoning was,' Hilbert said. 'I think there's a lot of speculation, but until more facts come to light, we'll see. We'll continue to have conversations with the OSU/A&M regents about everything and whatever happened. 'Clearly, something happened. That's not a secret. … We as a Legislature, we'll dig into it. Those were state funds that were appropriated and we don't know.' Hilbert was asked about what level of transparency he expected from the OSU/A&M regents. He said once the interim president is selected, he's told the regents he wants to meet with that person 'to have those conversations about, you need to come to the Legislature and talk about what did or didn't happen, so we can be fully aware of it.' Hilbert mentioned OSU had made multiple large financial requests of the Legislature this year and that before lawmakers considered those, they would want to know what happened with money appropriated after previous requests. This article originally appeared on Oklahoman: OSU faculty, coach join praise for Kayse Shrum after her resignation
Yahoo
06-02-2025
- Business
- Yahoo
What is OSU's Innovation Foundation? Funding in spotlight as Kayse Shrum, another resigns
(This story was updated to correct an inaccuracy.) The surprise resignation of Oklahoma State University President Kayse Shrum and another executive leading OSU's Innovation Foundation has led to questions about their departure, many which remain unanswered. Shrum resigned her post on Monday, but the announcement wasn't made public until Wednesday. The Oklahoman also reported on the resignation of Innovation Foundation CEO Elizabeth Pollard. The shakeup comes after OSU's Board of Regents met Friday to put a leash on Innovation Foundation's use of funds and ability to hire new employees. The regents took four actions after receiving confidential complaints, according to a report by NonDoc: Halt the transfer of money between OSU and the Innovation Foundation without a board-approved contract Discontinued the expenditure or transfer of legislatively appropriated funds from OSU Medical Authority to Oklahoma State University, except to comply with law Freeze hiring for employees who would provide services to the Innovation Foundation Hire a financial consultant to review compliance with legislative appropriations, and "analyze the impact on the financial integrity of the university" The Innovation Foundation was launched at OSU in late 2023 as a "re-imagining" of the Oklahoma State University Research Foundation. At its heart, the foundation is OSU's way of creating a public-private partnership with industries that have a close connection with the university's expertise and research. For example, the foundation is home to organizations focused on aerospace, energy and health. The Innovation Foundation also supports startup companies and commercializes OSU's intellectual property with Cowboy Enterprises. The Innovation Foundation appears to be funded by grants, corporate-sponsored research and revenue acquired through the commercialization of university-sponsored businesses. It's not clear how much money the foundation receives from Oklahoma State University. The foundation also manages The Innovation Park, which is 678 acres dedicated to supporting startup companies, faculty collaboration, student research, offices and space for other facilities that meet the foundation's mission. The board of regents' actions in their meeting last week, however, suggests that the Innovation Foundation might have received funds from the OSU Medical Authority, which oversees medical education, research and health care at the OSU Center for Health Sciences and OSU Medical Center, a teaching hospital. Last year, the Oklahoma Legislature appropriated more than $92 million to the OSU Medical Authority. Along with Shrum, another executive who was instrumental in developing the new Innovation Foundation also left her position. Before Elizabeth Pollard became president and CEO of the OSU Innovation Foundation in 2023, she was president of Cowboy Technologies and executive director of the Research Foundation. Until March 2023, Pollard also served on Gov. Kevin Stitt's Cabinet in the role of secretary of science and innovation, which is a position Shrum held before becoming OSU's president. This article originally appeared on Oklahoman: Why did OSU President Kayse Shrum, Innovation Foundation exec resign?
Yahoo
06-02-2025
- Business
- Yahoo
What is OSU's Innovation Foundation? Funding in spotlight as Kayse Shrum, others resign
The surprise resignation of Oklahoma State University President Kayse Shrum and two other executives with ties to OSU's Innovation Foundation has led to questions about their departure, many which remain unanswered. Shrum resigned her post on Monday, but the announcement wasn't made public until Wednesday. The Oklahoman also reported on the resignations of Innovation Foundation CEO Elizabeth Pollard and OSU Vice President and Chief of Staff Jerome Loughridge, who previously served as CEO of the foundation. The shakeup comes after OSU's Board of Regents met Friday to put a leash on Innovation Foundation's use of funds and ability to hire new employees. The regents took four actions after receiving confidential complaints, according to a report by NonDoc: Halt the transfer of money between OSU and the Innovation Foundation without a board-approved contract Discontinued the expenditure or transfer of legislatively appropriated funds from OSU Medical Authority to Oklahoma State University, except to comply with law Freeze hiring for employees who would provide services to the Innovation Foundation Hire a financial consultant to review compliance with legislative appropriations, and "analyze the impact on the financial integrity of the university" The Innovation Foundation was launched at OSU in late 2023 as a "re-imagining" of the Oklahoma State University Research Foundation. At its heart, the foundation is OSU's way of creating a public-private partnership with industries that have a close connection with the university's expertise and research. For example, the foundation is home to organizations focused on aerospace, energy and health. The Innovation Foundation also supports startup companies and commercializes OSU's intellectual property with Cowboy Enterprises. The Innovation Foundation appears to be funded by grants, corporate-sponsored research and revenue acquired through the commercialization of university-sponsored businesses. It's not clear how much money the foundation receives from Oklahoma State University. The foundation also manages The Innovation Park, which is 678 acres dedicated to supporting startup companies, faculty collaboration, student research, offices and space for other facilities that meet the foundation's mission. The board of regents' actions in their meeting last week, however, suggests that the Innovation Foundation might have received funds from the OSU Medical Authority, which oversees medical education, research and health care at the OSU Center for Health Sciences and OSU Medical Center, a teaching hospital. Last year, the Oklahoma Legislature appropriated more than $92 million to the OSU Medical Authority. Along with Shrum, two others who were instrumental in developing the new Innovation Foundation also left their positions. Before he stepped down this week, Jerome Loughridge was an OSU vice president and served as chief of staff to Shrum, according to his LinkedIn profile. Before that, however, he was CEO for the OSU Research Foundation, which later became the Innovation Foundation. Before Elizabeth Pollard took over Loughridge's job at the Innovation Foundation in 2023, she was president of Cowboy Technologies and executive director of the Research Foundation. Until March 2023, Pollard also served on Gov. Kevin Stitt's Cabinet in the role of secretary of science and innovation, which is a position Shrum held before becoming OSU's president. This article originally appeared on Oklahoman: Why did OSU President Kayse Shrum, Innovation Foundation execs resign?
