Few board decisions are more important than selecting a new president or chancellor. Done correctly, the appointment of a new CEO impacts positively on the institution's health and future success. Before launching a presidential search, the board and search committee should analyze the institution's mission and goals, and thoroughly review the institution's financial health, the relevance and strength of academic program and curriculum offerings, and the quality and strength of its personnel. A well-run search can be an occasion for community renewal and partnership between the board and campus, as well as an opportunity to elevate expectations about an institution's future. Boards need to get presidential search right. By charging the search committee appropriately, identifying the attributes and priorities required of new leadership, engaging the college community in discussions about expectations and aspirations, and communicating a united message, the board can help attract a pool of highly qualified candidates and select a candidate with the right leadership qualities needed for the next phase of the institution's advancement.