Academy President Cheryl Boone Isaacs has decided not to run for re-election, PEOPLE has confirmed.
“It’s been my greatest honor serving on the Academy’s Board of Governors in numerous capacities for more than two decades, and it will be a privilege to provide the opportunity for new voices to have a seat at the table,” Boone Isaacs said in a statement.
Boone Isaacs served on the Academy’s board of governors for more than two decades and was the third female and first black president.
The Hollywood Reporter was the first to report the news.
Boone Isaacs was president for four years — two of which proved to be the Academy’s most controversial.
At the time, Boone Isaac’s released a statement saying she was “both heartbroken and frustrated” about the lack of diversity – and said the group is stepping up efforts to address it. “The Academy is taking dramatic steps to alter the makeup of our membership,” she added.
Source: PEOPLE | JODI GUGLIELMI