Foundation leader opts to step down
After nine years as president and CEO of the Lucile Packard Foundation for Children's Health, Stephen Peeps announced on March 17 that he is stepping down.
"With a potential 10th year coming up, I had been wondering what next," said Peeps, who was on a planned sabbatical leave. "My plan was to think this through while I was away, but just a few days into my sabbatical, my decision was clear. I haven't committed to anything yet, but I'm inclined to remain in philanthropy and service."
Peeps was the foundation's first employee when it was launched in 1997. During his tenure, its endowment grew to $94 million from $65 million. "Stephen has overseen the development of an extraordinary and unique organization, comprising a dedicated and highly talented team," said George Pavlov, chair of the foundation's board of directors. "We are grateful for all he has done to advance children's health and well-being, and we wish him well in his next venture."
An independent public charity, the foundation is the sole fundraiser for Lucile Packard Children's Hospital and the pediatric programs of the Stanford University School of Medicine. A search for a successor will begin immediately, Pavlov said. James Mitchell, the foundation's vice president for administration, will serve as acting president and CEO.