The turnover also comes amid criticism about the board's composition. Only six of its 25 members are women. Some faculty, students and lawmakers have called for gender parity. The limited racial diversity on the mostly white board has also been criticized.
Courtesy of UVM
Lumbra, who is African American, would not be the the first chair of color, but he is one of few racial minorities on the board.
He declined to comment Friday on his potential election as chair, saying it would be "premature." Lumbra praised Daigle and said he is stepping down after long and productive service on the board.
"David's done his job and done it well and feels personally it's time to take a breath," said Lumbra, a managing partner at Heidrick & Struggles' Centers of Excellence in New York.
Lumbra co-chaired the search committee that tapped Garimella and chaired the committee that recommended changing the name of UVM's main library. The Bailey-Howe Library honored Guy Bailey, a former UVM president who supported the Vermont Eugenics Survey. The building is now called the Howe Library.
Frank Cioffi, a trustee and chair of the board's governance committee, commended Daigle's work on the board. Daigle is a partner at a private investment firm in New York City called the Capital Group.
"He's quiet, very, very deliberative and just analytical, incredibly analytical," Cioffi said.
Courtesy of UVM
Cioffi praised Lumbra as well, calling him a "really brilliant young guy."
Both Daigle and Lumbra are Vermont natives, UVM grads and first-generation college students.
Trustee Cynthia Barnhardt was nominated to be vice chair of the board.
The 1981 UVM graduate is chancellor and a professor of civil and environmental engineering at the Massachusetts Institute of Technology.
Vermont Rep. Curt McCormack (D-Burlington) was nominated to serve another year as board secretary.