Joyce McConnell is stepping down as Colorado State University’s president, effective June 30, The Fort Collins Coloradoan reported.
Her contract, signed in 2019, assured her of employment until 2024. She also, in the agreement, gave up a tenured professorship at Colorado State.
She will be paid more than $1.5 million for agreeing to leave early.
In a joint statement sent to the campus, McConnell and Colorado State system chancellor Tony Frank said the Board of Governors and McConnell “have decided to part ways.”
“The board thanks President McConnell for her efforts leading the university, particularly during challenging and unprecedented times,” read the announcement. “The board wishes President McConnell all the best in her future endeavors.”
Her separation agreement includes a mutual nondisparagement clause.