Louisburg College President to Resign
Posted March 27, 2008 5:42 p.m. EDT
Louisburg, N.C. — Louisburg College President Michael Clyburn submitted his resignation Thursday to accept a similar position at a college in West Virginia.
Clyburn has been selected by a search committee at Alderson-Broaddus College, in Philippi, W.Va., to replace its president, who is retiring in June. The college's board of trustees will vote on the recommendation next month.
Clyburn has a contract with the college that runs through June 2012. It was unclear Thursday whether the trustees would require him to fulfill it.
Clyburn was inaugurated at Louisburg College in November and had been working with trustees to restore financial stability at the private school, which has about 800 students.
The college's Board of Trustees last month voted to use unrestricted funds to pay off $2 million in long-term debt and to limit short-term borrowing.