Nick Valvano steps down

Updated: August 3, 2012, 12:40 PM ET
Associated Press

CARY, N.C. -- Nick Valvano is stepping down after 13 years as CEO of the V Foundation for Cancer Research, and the group has selected Susan Braun as his replacement.

The organization said Friday that Valvano -- the brother of late N.C. State coach and foundation namesake Jim Valvano -- will remain on the board of directors and take part in special projects.

The V Foundation says it has awarded more than $120 million for cancer research grants, including $14.4 million last year. It ...

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