- Associated Press - Thursday, December 15, 2016

ALBUQUERQUE, N.M. (AP) - University of New Mexico President Bob Frank says he agreed to leave office early because of the toll a lawsuit would take on the university.

The Albuquerque Journal reports (https://bit.ly/2hpglyx ) that a statement issued by Frank’s lawyer late Wednesday says his agreement to step down Dec. 31 should not be construed as a concession to the Board of Regents, but rather “the most pragmatic move in the long run.”

The settlement will allow Frank, who has been president since June 2012, to take a paid sabbatical until his contract expires May 31. He will then begin a faculty appointment at a reduced salary.

UNM on Tuesday announced the agreement between Frank and the regents.

The regents named Provost and Executive Vice President for Academic Affairs Chaouki Abdallah as acting president.

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Information from: Albuquerque Journal, https://www.abqjournal.com

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