A Letter from Interim President Lang Lowrey to All GTS Students
Dear Students of General Seminary,
As you may have read by now, on June 9 at a special meeting of the Board of Trustees I was elected to serve as your Interim President. I am honored to have been selected for this position. The trustees have asked if I could begin my work immediately and so I will be on campus three days a week for the foreseeable future. I have recently had an excellent conversation with Community Council President Elisabeth Tunney, during which she agreed that, because so many of you are off campus at this time of year, email is the most straightforward way for me to introduce myself to you.
The press release now on the GTS website will give you the details of my professional background. A cradle Episcopalian, I was ordained to the priesthood in 2004 and have spent most of my ministry at a parish in Georgia where I am the founding vicar. My last Sunday there is July 11 when I will be saying goodbye to my parish. I also serve as senior partner in two Atlanta firms offering financial services to banks and to small- and mid-sized companies. A number of the clients we have successfully helped in the past have faced financial situations not unlike those now being faced by GTS. I feel privileged to bring all of my skills, both priestly and those from the world of business, to my new job here at General. My first priority will be to address the serious financial situation of the Seminary.
I will not minimize the challenges that face us. The actions we must take need to be dramatic and immediate. Our single most important challenge is securing an influx of working capital to cover operating expenses for the upcoming school year. To meet this need we are exploring a number of options including sale of several apartments (which we now lease to outsiders), as authorized by the trustees. Of lesser urgency but certainly equal importance is the need to restructure the Seminary’s debt. General simply cannot afford to service its present level of indebtedness. The day following my election as interim president, I met with top executives of the Seminary’s primary lending institutions. I am pleased to report that we are close to reaching an agreement in principle that will allow us breathing room to envision our future.
The visionary undertakings of the last decade have brought the Seminary’s buildings, an important part of our historic legacy, into better repair than they have ever been. Without the critical expenditures that were made, many buildings would now be in a seriously deteriorated condition. Among the other initiatives, the Desmond Tutu Center is now a contributing resource to our educational mission, and the Seminary’s innovative geothermal system has become a model of environmental responsibility. Yet owing to unforeseen developments, the completion of these initiatives has left the Seminary severely overextended. This is a very serious but not insurmountable problem. Clearly, we must embrace the reality of our situation but, at the same time, we must seize the opportunity set before us to find a transforming solution.
In what I consider a very wise decision, the trustees, at their June meeting, have elected to separate the positions of Interim Dean and Interim President. Although the constitutional powers of the Dean and President have been lodged with the President, I will be continuing the search for a Dean to oversee the spiritual, academic and day-to-day operations of the Seminary. This position is expected to be filled before September. I am so very grateful for the friendship and guidance of Ward B. Ewing during this period of transition. Dean Ewing has graciously agreed to assist the Seminary and me during the months of June and July as Dean in Residence. I understand in August he and Jenny intend to begin the task of moving to their beautiful home in Tennessee.
I look forward to getting to know you all in the months ahead as we work together in the wonderful enterprise of theological education. I very much welcome your thoughts, suggestions, support, and prayers.
The Rev. Lang Lowrey