The chancellor of IPFW has announced plans to retire. Vicky Carwein, who has served in the role since 2012, will step down by the end of this year. Purdue University President Mitch Daniels says a search committee will soon be formed to find Carwein’s successor. The goal is to have a new chancellor in place around the start of the 2017-2018 academic year. Daniels praised Carwein’s work over the past five years, including transforming the university from having a $12 million deficit to a balanced budget. She also led the university’s efforts to raise more than $29 million in private giving and completing its first inclusive strategic plan. Carwein’s retirement follows the approval by the Purdue and Indiana University boards of trustees to realign IPFW into two separate institutions. The realignment is expected to take place in July 2018 and Purdue says the boards will vote on the final agreements this summer.