- Associated Press - Friday, May 16, 2014

FAYETTEVILLE, Ark. (AP) - A longtime administrator at the University of Arkansas is stepping down this summer.

The university announced Friday that Donald O. Pederson would retire, effective June 30. Pederson was named vice chancellor for academic affairs in 1986 and later became vice chancellor of finance and administration in 1998.

UA says Pederson will be the longest-serving senior administrator in the university’s history, having served as a vice chancellor for 29 years.

Chancellor G. David Gearhart says Pederson’s experience and knowledge “will be impossible to replace.”

As vice chancellor, Pederson managed a division of 750 staff members that oversees all business and finance operations of the university, including human resources, information technology, parking and facilities.