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GREENCASTLE, Ind. — The president of DePauw University has announced plans to step down.

Mark McCoy, who has served as president of the small Greencastle liberal arts school since 2016, will step down at the end of the 2019-20 academic year.

McCoy did not give a specific reason for his leaving.

“I have loved my time at DePauw as dean and president,” McCoy said Monday.  “I remain in awe of our faculty, staff, students, and alumni and will treasure the relationships developed here for a lifetime.”

Kathy Patterson Vrabeck, chair of the DePauw Board of Trustees, told Inside Indiana Business that the board will “immediately begin a transition plan, including a national search for McCoy’s successor.”

McCoy said he is committed to working “hand-in-hand” with the school to ensure a smooth transition.

In November, faculty members approved a vote of “no confidence” in McCoy over concerns about the school’s finances and academic mission.

The school announced in February it would be cutting 70 jobs as part of a restructuring effort.

(Photo provided by DePauw University.)