Former Saks CEO leads University of Memphis

MEMPHIS, Tenn. (AP) -- Shelby County businessman and former Saks, Inc., CEO Brad Martin will run the University of Memphis until a successor to retiring President Shirley Raines is found.

Tennessee Board of Regents Chancellor John Morgan appointed Martin to the temporary post Tuesday and Martin said he will not be a candidate to succeed Raines.

The Commercial Appeal quoted Morgan as saying Martin has a clear understanding of the value of U of M and its role in society.

Martin is a 1976 U of M graduate and chaired the school's Board of Visitors and the University of Memphis Foundation Board.

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