Butler University is set to name its next president.

The private, 4,600-student Indianapolis university scheduled an event Wednesday afternoon to introduce its new president. It said the event would be streamed live here.

Current President Bobby Fong is leaving the Indianapolis school after 10 years to become president of Ursinus College, a 1,700-student school in Collegeville, Pa.

Butler has gained national attention the past two years with consecutive appearances in NCAA Division I basketball national championship game.

Butler enrolls about 4,000 undergraduate and graduate students—up from 3,400 when Fong arrived in 2001. Graduation rates increased from 62 percent to 73 percent under his watch, the university said.

During his tenure, Fong restored financial equilibrium to Butler’s budget process and started an eight-year streak of surplus budgets beginning in the 2002-2003 fiscal year. In 2009, the school completed a six-year fundraising campaign, raising $154 million for scholarships, programs and facilities—almost $30 million more than the public goal.

Fong earned $376,126 in salary and benefits in the year ended May 31, 2009, according to university records.