Westminster College President Stephen Morgan announced Friday he will retire at the end of the 2017-2018 school year.

Morgan, 63, became the private Salt Lake City college’s 18th president in 2015, but has served at the institution for 37 years. A spokesperson for the college’s board of trustees said it will launch a nationwide search to replace him, with a successor expected to be in place by the summer of 2018.

“Working together as a community, we have made Westminster a better place of high learning and a place where all students can find their passion and lead meaningful lives,” Morgan said in a statement. “Westminster and its community will always hold a special place in my heart.”

During his tenure at Westminster, Morgan served as an auditor, treasurer, executive vice president and vice president for institutional advancement, advising six past presidents on major campus decisions since 1981.

Before becoming president, Morgan was instrumental in the growth of Westminster’s endowment to more than $75 million. He also led fundraising efforts for major campus construction projects, including the Giovale Library, the Bill and Vieve Gore School of Business, the Meldrum Science Center and a host of other facilities.

While president, the Westminster created a new Honors College and hired a new chief diversity officer. The college’s athletics programs also moved into the final provisional year of NCAA Division II.

Jeanne Ambruster, chair of the college’s Board of Trustees, said Morgan’s leadership, diverse experience and positive outlook will be missed on campus.

“During his tenure, he has found ways to bring out the best of everything that Westminster has to offer,” Ambruster said in a statement. “We are very appreciative of his longtime commitment to the college and wish him the best in his retirement years.”

Morgan received a bachelor  degree in accounting from the University of Utah and is a certified public accountant . Steve’s wife Sandy and their three children are all Westminster graduates.