TAD TAUBE DECIDES NOT TO STAND FOR REELECTION AS KORET PRESIDENT AFTER THREE DECADES OF LEADING THE FOUNDATION

The Koret Foundation reported today that President Tad Taube recently announced he does not intend to stand for reelection as President at the Foundation’s annual organization meeting in June. A highly respected business and community leader and a driving force in the world of philanthropy, Taube’s decision will end a three-decade run as President. Taube, 82, indicated he intends to remain as a member of the eight-member board and will stay on as President until his successor is named and installed. According to Taube, the process of naming a new president will commence shortly and will