The president of Virginia Intermont College resigned on Monday amid mounting struggles at the 130-year-old liberal-arts institution, which appears to be on the verge of closing, the Bristol Herald Courier reported.
The president, E. Clorisa Phillips, was the subject of a faculty no-confidence vote last month that came shortly after she announced that a proposed merger with Webber International University, in Florida, had fallen through. Virginia Intermont, located in Bristol, Va., has battled financial problems for much of the past decade, and its accreditation is scheduled to end on July 1, the newspaper reported.
In a statement on the college’s website, Ms. Phillips said she was stepping down “voluntarily for personal reasons.”
In the statement, the college’s Board of Trustees described Virginia Intermont’s future as “unknown” and said the board was placing the day-to-day leadership of the college with Compass Executives, a management-consulting firm based in Nashville. Art Rebrovick, the firm’s chief executive, was named to serve as the college’s “interim president and restructuring agent.”
Mr. Rebrovick is scheduled to meet with the faculty and staff on Tuesday and to speak to reporters afterward.