Moody Bible President and COO Both Resign, Provost Retires
January 11, 2018
Board unanimously decides “it is time for a new season of leadership.”
Amid “widespread concerns over the direction” of Moody Bible Institute (MBI), the historic Chicago school announced today that President J. Paul Nyquist and Chief Operating Officer Steve Mogck have resigned, while Provost Junias Venugopal has retired.
“Let there be no mistake that the Board of Trustees holds these three men in high regard for their ethical, moral, and spiritual leadership,” stated Randy Fairfax, chair of the board of trustees. “They are godly, honorable men to whom we entrust to the Lord and offer our deep gratitude for their years of faithful service to Christ and to Moody.
“However, we are unanimous in our decision that it is time for a new season of leadership. I ask that you be in prayer for them and their families.”
Nyquist took the helm of Moody in 2009, after serving as president and CEO of Avant Ministries, a church planting missions agency based in Kansas City, and pastoring churches in Iowa and Nebraska.
Mogck had served as COO and executive vice president since 2012. In recent years, he was involved in efforts to lease certain Moody properties and adjust zoning for campus buildings. Prior to Moody, he was an executive and attorney for Carlson Hotels.
The board has appointed Greg Thornton, senior vice president of media, as interim president, and board member Mark Wagner, former president of Walgreens, as interim COO. John Jelinek, vice president and seminary dean, is now interim provost.
The news was announced in an email sent to the Moody community Wednesday evening, following a special meeting of the board of trustees.
“Understandably, there are many questions at this time,” stated Fairfax. “Please know that we are working diligently through …