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University of Michigan officer leaving for private school

ANN ARBOR (WKZO) -- The University of Michigan is losing another one of its leaders. Chief Financial Officer Tim Slottow will leave in June to become president of the University of Phoenix. Ora Pescovitz, the head of the university's health systems is also departing. The change of leadership also includes the retirement of university president Mary Sue Coleman. Incoming president Mark Schlissel takes over in July.