David Fry, president of Northwood University in Midland, Mich., said that he will retire after 24 years as the head of the university known for educating auto dealers, according to Automotive News.

Fry, who is only the second president in the university's history, will become president emeritus upon retirement, and hopes to have a new president in place by September 1. A search committee was formed in January.

Northwood offers two-year and four-year degrees in automotive marketing management, a curriculum designed for students who want to own and run auto dealerships.

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