Jeff Labrecque
October 13, 2010 AT 03:15 PM EDT

Bruce Davis, executive director of the Academy of Motion Picture Arts and Sciences, announced that he’ll be retiring next June, after nearly 30 years years with the powerful organization that presents the Oscars. Davis joined the Academy staff in 1981 before becoming its seventh executive director in 1989. An Academy spokesperson confirmed the news, first reported yesterday by Deadline.com.

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