Seabury Hall Headmaster Joseph J. Schmidt will retire at the end of the 2014-15 school year after spending two decades at the Olinda campus.
Schmidt, 65, began his career as head of the Upper School in 1995, and was named headmaster four years later.
"I knew I would retire at 65 years old, and now that I am, it's time for me to retire," Schmidt said. "I had the opportunity to do a lot of great things at the school and I feel I really moved the school to a great place.
Joseph J. Schmidt, 65, began at Seabury Hall in 1995 as head of the Upper School. He will retire at the end of the 2014-15 school year.
The Maui News / CHRIS SUGIDONO photo
"It's somebody else's time to move the school forward and to its next step of greatness."
As part of the selection for the new headmaster, the school's board of trustees has created a search committee chaired by Judy Siracusa with members Sumner Erdman, Susan Graham, Henry Rice, Clay Sutherland and Tom Welch.
The group hopes to announce the new headmaster by January, school officials said.
Under Schmidt's tenure, the school's endowment increased from $3.3 million to $30.5 million. He oversaw the construction of the Upper and Middle school buildings as well as the creative arts center, which was completed in 2012.
Schmidt also lowered the annual faculty attrition rate from 12 to 4.5 percent and increased the number of faculty with advanced degrees.
In respect to students, Schmidt increased the financial aid budget from $450,000 to more than $1 million and increased college admissions to more than 99 percent over the past five years. He also saw the school's college merit scholarships increase from $2.5 million per year to more than $9 million.
Schmidt also taught history, astronomy and other science courses at Seabury Hall.