Interim Chancellor Nicholas Zeppos leads the pack to become the eighth chancellor of the university.

"It is not a matter of if he will become the next chancellor, but when," said one executive search committee member.

Zeppos is widely considered the favorite of many Board of Trust members, according to three sources familiar with the situation.

And a high-ranking university official said it was "almost certain" Zeppos would be the recommendation of the executive search committee.

Despite reports in The Tennessean earlier in the week that Vanderbilt would pursue Secretary of State Condoleezza Rice for the job, the high-ranking university official said the rumor was false.

The full board must approve the appointment after the executive search committee recommends a candidate.

The full board will hold its first meeting of 2008 in February, although Vice Chancellor for Public Affairs Mike Schoenfeld said they could hold a special gathering.

"Board committees, and for that matter the full board, could meet anytime for a specially called meeting for something important, like a vote on the new chancellor," he said, but added that "nothing like that is or has been scheduled."

Zeppos, 53, would succeed former Chancellor Gordon Gee, who stepped down this summer to return to The Ohio State University where he served as president from 1990 to 1998. Zeppos has served as interim chancellor and continued his post as provost and vice chancellor for academic affairs since late this summer.

This could be the first time in more than 60 years that a chancellor has come from within the administration.

Zeppos joined the Vanderbilt community in 1987 as assistant professor in the Law School, and then subsequently served as associate dean and associate provost before being named provost and vice chancellor for academic affairs in 2002.

In a statement yesterday, Schoenfeld declined to comment on the candidacy of any individual for chancellor and said the search process was still in progress.

Zeppos could not be reached for comment. If he secures board approval at the start of the year, he will likely take office before the 2008-09 academic year.