The Board of Directors of LIM College has announced that President Elizabeth S. Marcuse will step down effective Dec. 31. She will be succeeded by Ron Marshall, an experienced retail industry executive and member of the College’s Board of Directors, who will become President effective Jan. 1, 2024.
In recognition of her distinguished 21 years of service as President of LIM College, Marcuse will be appointed President Emeritus effective Jan. 1, 2024, and as such will remain engaged in various College activities. She will also continue to serve on the LIM College Board of Directors as well as the LIM Fashion Education Foundation Board of Directors.
Marshall, in addition to his role as a member of the LIM College Board of Directors since 2019, has been serving as a consultant and senior advisor to LIM’s executive leadership team on strategic, financial, and operational matters. Among multiple executive leadership roles throughout his career, Marshall has held chief executive officer positions at three Fortune 500 retail companies and most recently served as CEO of Claire’s Stores Inc. from 2016 to 2019.
“The decision to step down as President of LIM was difficult, yet it is the right decision for me personally and professionally,” President Marcuse said.
“LIM has a solid foundation and strong momentum going into the future, and I am proud of the part I have played for more than two decades to position the College for continued success in changing times,” she continued.
“I am pleased I will continue to interact with faculty, staff, industry partners, and LIM alumni, who are talented and devoted educators and professionals. Most of all, I look forward to continued connections with students, whose achievement of their dream careers has always been both my purpose and the purpose of LIM College. I will take an active role in ensuring a smooth and effective transition to Ron’s leadership next year,” said President Marcuse.
According to William Borner, Chair of the LIM College Board of Directors, Elizabeth Marcuse’s tenure as President of LIM has been one of significant advancement and innovation.
“Over her decades of leadership, the College has grown significantly in size, while still maintaining its position as the country’s premier institution focused on preparing tomorrow’s leaders in the business of fashion and lifestyle. With the benefit of Liz’s vision and guidance, LIM is now a master’s degree granting institution, has expanded its range of academic program offerings to keep pace with a constantly changing field, modernized all its facilities, and welcomed a student body that is more racially, ethnically and geographically diverse, among many other achievements,” noted Borner.
Borner continued, “Throughout her tenure, Liz and the LIM Board have been completely aligned in our effort to keep the needs of our students at the center of all we do. The Board of Directors is deeply appreciative of Liz’s contributions, and we wish her the best as she transitions to this next life chapter.”