TULSA — On Thursday the University of Tulsa Board of Trustees met and made several important decisions, including accepting the resignation of TU's President Dr. Gerard P. Clancy, M.D., officials say.
Officials say these decisions will affect the university as a whole and set TU on a new path moving forward.
Dr. Clancy is immediately stepping down due to ongoing medical issues, officials say.
The board appointed Provost Janet K. Levit, J.D. as the interim president and Senior Vice Provost for Academic Initiatives Tracy Manly as the acting provist. These are to take effect, immediately.
During Clancy's medical leave, Levit serves as acting president and has served as provost since May 7, 2018, officials say.
According to The University of Tulsa officials, "the board approved a resolution that the university must achieve financial sustainability, defined as positive cash flow, no later thank FY23 and non-use of credit line by FY28."
Fred Dorwart, the Board Chair, expressed his gratitude to Dr. Clancy for his "dedicated service to the university" and said that Dr. Clancy will continue in the Oxley College of Health Sciences as a faculty member.
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