During the past year the Institute for Nuclear Physics (IKP) has faced a couple strategicwatersheds. Foremost of these is the upcoming retirement of Rudolf Maier, the head of theaccelerator institute (IKP-4), in early 2014. It is obvious that the accelerator group needsstrong scientific leadership given the tasks and commitments of IKP-4 — in particular in the context of building HESR at FAIR and of conceiving a possible future storage-ring project. Fortunately, the process of interviewing and subsequently hiring a successor to lead IKP-4 in the future is proceeding on track. Moreover, we have decided to phase out the hadron physics program at COSY. On the one hand this is motivated by the upcoming physics opportunities at HESR/PANDA, and o...