"In 2002 I accepted the presidency of Midway College and the Board of Trustees' very aggressive goals related to enrollment management, fundraising, development, capital improvement and other long-term priorities to insure the viability and academic excellence of this historic institution," Drake said in the release. "After 10 years, I have largely accomplished those major goals. Only the pharmacy-school project remains, and with the shift of that project to now become a partnership with another institution, I feel my work on this initiative from concept to date is complete and now is the time to move on."
The college announced in January that its planned pharmacy school in Paintsville, in Eastern Kentucky, would be largely run by the University of Charleston, in West Virginia.
The press release cited many accomplishments during Drake's term, including doubled student enrollment, achieved with the help of online courses and co-ed campuses in Lexington, Somerset and Radcliff; accreditation to grant master's degrees, including MBAs; the largest capital and planned gifts in the college's history; doubling the size of the main campus, with another 100 acres; and construction of the Anne Hart Raymond Center and the Learning Resource Center.
"It has been a privilege to work alongside a staff and faculty unselfishly invested in the mission of the College," Drake said. "It has been an inspiration to witness the determination and achievement of our diverse student body and it has been humbling to advance the legacy of Midway College with the support of alumni, friends and donors."
The release concluded, "Dr. Drake is committed to a seamless transition of responsibilities to insure the college's continued success."
The college is Midway's leading employer and thus the primary generator of payroll taxes for the city.
UPDATE, March 21: In tonight's edition of The Woodford Sun, Mayor Tom Bozarth writes, "I look back on the last 10 years and I see a different college today than what it was when he took over. His vision and direction really transformed our college into one that is well respected and reached new heights. The relationship between the college and the city has never been better. The college has been a great corporate partner with the city. Whenever we asked for help or support Dr. Drake always answered the call."