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CU to pay Mark Kennedy $1.3M in departure deal as Republican regents decry removal of president
Former GOP congressman will step down from CU presidency by July 1 after 2 years on job
Shawna Noel Schill
Posted at 9:37 PM, May 19, 2021
and last updated 2021-05-19 23:37:03-04
BOULDER, Colo. â University of Colorado President Mark Kennedy will receive a $1.3 million lump-sum payment when he departs his role as leader of the four-campus system by July 1, according to an agreement approved by the CU Board of Regents on Wednesday.
The deal outlining the details of Kennedyâs departure after two years on the job passed on an 8-1 vote, with Regent Heidi Ganahl, an at-large Republican, voting no. The regents are expected to name an interim president soon and initiate a search process for a permanent successor.
DENVER University of Colorado President Mark Kennedy announced earlier this month he would step down after a brief two years on the job culminating in turbulence from student and faculty protest of a president insufficiently leftist for their tastes.
“The Board of Regents and I have entered into discussions about an orderly transition of the presidency and the university in the near future,” Kennedy said in a May 10 statement. “The board has a new makeup this year, which has led to changes in its focus and philosophy.”
The compositional board changes put another target on an already marked man whose conservative credentials made his initial hiring an uphill battle when he narrowly captured the college presidency in 2019. At the time, students and faculty protested Kennedy’s inclusion at the university for his criticism of affirmative action and opposition to gay marriage, according to the Denver Post.