UPDATE: January 11, 2010
The university said in a news release the Board of Visitors will meet in the historic Dome Room of the Rotunda for the formal announcement of the university's next president.
That announcement will be followed by a news conference.
January 10, 2010
The University of Virginia will know the identity of its next president Monday. A University official told CBS19 the Board of Visitors will meet to make the selection Monday afternoon.
The name of the new president is a tightly guarded secret. Whoever gets the job will take the place of John Casteen who is retiring after more than two decades running the university.
University of Richmond president Edward Ayers, who was part of the faculty at the University of Virginia for more than 25 years, leaving as the dean of arts and sciences. But according to reports he says he's staying put at Richmond.
Gene Block is the current chancellor at UCLA. Block spent 29 years at UVa, joining the faculty as a professor of biology. Before leaving he served as the vice president and provost at the school.
A long shot candidate, former Secretary of State Condoleezza Rice. Rice currently is a senior fellow at Stanford University, and was formerly provost at that school. Rice served as Secretary of State from 2005 until 2009. She's the second woman to hold that position. As far as we know, she doesn't have any ties to UVa.
CBS19 will carry the announcement live and you'll see it on Newsplex.com.