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Richard Florizone has been chosen as Dalhousie University's new president starting next year. (Dalhousie University)

Richard Florizone, an accomplished academic with an extensive background in consulting, will be Dalhousie University's new president starting next year.

Florizone will take the reins as the university's 11th president starting on July 1, 2013. He succeeds Tom Traves, who has served as Dalhousie’s president since 1995.

"With its 200th anniversary fast approaching, Dalhousie's place in this community and in the world is more solid than ever," Florizone said in a statement.

"Together with the terrific leadership team here, we'll continue to build research capacity, focus on creating an incredible student experience and build the external partnerships that will enable us to achieve our vision. I'm really excited to roll up my sleeves and get to work."

Florizone is currently the vice-president of finance and resources at the University of Saskatchewan. He was seconded to the International Finance Corporation in Washington, D.C., to serve as a senior adviser in public-private partnerships.

The new president has degrees from the University of Saskatchewan as well as a PhD from the Massachusetts Institute of Technology.

Florizone was the unanimous choice of the 14 members of the Presidential Search Committee, the university said Thursday.

"We couldn’t be more excited to welcome a leader with his credentials. It is unusual to find someone with his accomplished academic background, extensive consulting and strategic planning experience in the business world and his public policy contributions provincially and globally," Jim Spatz, chair of the Dalhousie Board of Governors, said in a statement.

"Richard Florizone is the kind of leader that doesn’t come along every day. We’re extremely fortunate to have a quality individual like him taking the reins at Dalhousie."