CU to pay Mark Kennedy $1.3M in departure deal as Republican regents decry removal of president
Former GOP congressman will step down from CU presidency by July 1 after 2 years on job
Shawna Noel Schill
Posted at 9:37 PM, May 19, 2021
and last updated 2021-05-19 23:37:03-04
BOULDER, Colo. â University of Colorado President Mark Kennedy will receive a $1.3 million lump-sum payment when he departs his role as leader of the four-campus system by July 1, according to an agreement approved by the CU Board of Regents on Wednesday.
The deal outlining the details of Kennedyâs departure after two years on the job passed on an 8-1 vote, with Regent Heidi Ganahl, an at-large Republican, voting no. The regents are expected to name an interim president soon and initiate a search process for a permanent successor.