4 members resign from Beloit College Board of Trustees
No reasons for the resignations were given.
BELOIT, Wis. (WIFR) - Beloit College suffered a blow after local billionaire and businesswoman Diane Hendricks along with three others resigned from the board of trustees.
In a statement on Thursday, school leaders acknowledged the departures but gave no reason for the actions. Other board members who stepped down are Jim Packard, Chuck McQuaid and Jim Sanger.
The Milwaukee Journal Sentinel says this could hurt the college, which is struggling with finances, unstable enrollment and the pandemic. Hendricks is the founder of ABC Supply in Beloit and has generously supported the community.
In a statement to WIFR, university leaders confirmed the resignations of Hendricks, Packard, McQuaid and Sanger. They thanked the four members for their invaluable service, strong commitment and dedication to the college and its students.
No reasons for the resignations were given. The statement said turnover is common on college and university boards. Potential replacements wil soon be presented to the remaining board members in the coming months.
"After many years of support, including completing the Powerhouse student union and recreation center project, and helping Beloit College finalize a new five-year financial plan, four Board of Trustees members have decided to step down from their official duties.
The departing Trustees are Diane Hendricks, Jim Packard, Chuck McQuaid and Jim Sanger.
We thank them for their invaluable service. All have been exceptionally generous with their time, talent, and treasure. All fully understand the importance of an even stronger relationship between the City of Beloit and the College and will be active in supporting that further.
Because regular turnover on college and university boards is the norm, we have identified a number of potential Trustee candidates whose names will be presented to the Beloit College Board in coming months," Beloit College told WIFR.
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