Tuesday, the announcement drew praise from regents, a faculty leader, and student leader.

Fran Albrecht, chair of the Board of Regents, said she was “thrilled” that Bodnar would be leading UM. Albrecht was one of two regents on the search committee.

“I think that Seth Bodnar is the visionary leader we need going forward,” she said.

Albrecht said the regents took the time necessary to carefully examine each of the finalists, weighing strengths and qualifications as well as risks. Once the board settled on Bodnar, she said all members expressed unanimous support for him.

The board discussed the finalists in a private meeting that lasted more than two hours Monday.

Calling Bodnar a “transformative leader,” Albrecht praised his ability to make plans, clearly express them, and follow through, as well as his financial and business background and being an “outstanding team builder.”

Albrecht said she expects Bodnar to work with interim President Sheila Stearns to get up to speed and be ready to step into the lead role Jan. 1.

“I am excited for him to be able to articulate his vision for the campus and the community,” she said. “We are so fortunate to have him at the helm.”