Arizona Board of Regents Chair Fred DuVal resigned from the board on Thursday while remaining a member to focus on the University of Arizona, according to a press release.
DuVal will remain on the board for the remaining two years of his tenure. He will be replaced by Cecilia Mata as chair, as she was previously chair-elect of ABOR.
ABOR executive director John Arnold, currently the UA interim chief financial officer, is "taking a leave of absence" from the board to focus on the university's financial stability, according to the ABOR press release. Chad Sampson, vice president of academic affairs and institutional analysis, will serve as the interim executive director.
READ MORE: UA, ASU students hold protest, speak at ABOR meeting on financial crisis
DuVal said he is stepping away to refocus the board's efforts on the "genuine challenges" facing ABOR.
"By resigning as board chair, I want to do my part to create space for collaborative efforts toward real solutions," DuVal said in the press release. "We must solve this together and in my remaining two years on the board I plan to do so constructively and with an open mind.”
READ MORE: Students, faculty and officials voice concerns on University of Arizona's financial problems
ASU has no comment on the transition at this time, according to a university spokesperson.
This is a developing story and could be updated.
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