The Valley Community Foundation announced that its current leader will retire at the end of the year. As a result, a search will begin later this month for a new Valley Community Foundation President and CEO. "I am truly honored to have had the opportunity to serve as president of the Valley Community Foundation," said Jamie Cohen. "I am fulfilled at having done the job I was hired to do. I have run my part of the race, and have completed the course. Because of all of that, I decided to retire at the end of this year 2012." Cohen, who leaves the eight-year old Valley Community Foundation with more than $14 million in assets, 120 funds, and a long-term Affiliation Agreement with its philanthropic partner, The Community Foundation for Greater New Haven (TCF), said he is pleased with the "hard work that has provided an unlimited future" for his organization. "I leave knowing that VCF is in a better place than it has ever been, and am confident that it is poised for a bright future. I am grateful to have had this experience as a capstone to my working life, and thank the VCF Directors for their confidence in me." Greg Stamos, local attorney and Valley Community Foundation Board chair said Cohen saw a "remarkable period of growth," during his time. "It is with understanding, support and deep appreciation, that the Board of Directors reluctantly accepts the decision of Jamie Cohen to retire. ... Most certainly, his leadership, community contacts and commitment to our mission, played a significant role in achieving a sustained level of success." A search committee has been formed consisting of John Zaprzalka (Vice Chair of the Valley Community Foundation Board of Directors), Susan Coyle (VCF Director), Alan Tyma (current VCF Director and former TCF Board Chair) and Leon Bailey (Senior Vice President at TCF). The VCF Board has engaged National Executive Service Corps (NESC Executive Search), a Greenwich-based not-for-profit organization, to start executive search services later this month, and then present candidates for review and decision. Established in 2004, the Valley Community Foundation serves five cities and towns in Connecticut's Naugatuck River Valley: Ansonia, Derby, Oxford, Seymour and Shelton. For more information, visit www.valleyfoundation.org.