St. Michael’s College president John J. Neuhauser announced plans to leave the college in June 2018, according to a news release.
Neuhauser, the college’s 16th president in his 10th year with the school, revealed his upcoming departure in a memo to the college community last Friday.
“This is a special place charged with assisting in the formation of those young adults who spend but a few short years with us,” Neuhauser wrote. “I know that for each of you this is more than work; it is a vocation with the full commitment that this implies. “
In the news release, St. Michael’s board of trustees chairwoman Mary-Kate Mckenna lauded Neuhauser’s time with the college, pointing to his focus on initiatives that ensure student readiness for the job market and upgrading the campus facilities to “support the best possible experience.”
“His tenure defines what it means to be an outstanding college president,” Mckenna said in the news release, adding a search committee has formed that will conduct a nationwide search with the help of a consulting firm.
A former St. Michael’s board member, Neuhauser is credited with leading the college through the U.S. financial crisis.
His announcement comes on the heels of an enrollment-driven $1.5 million budget deficit that prompted the college to offer buyouts to 90 staff and 74 faculty, according to an article from The Defender, the college’s student-run newspaper, last month.
Forty-one of those members accepted the packages; about half will leave the college this month, while the rest will depart next June. College officials estimate the buyouts will save the college about $3 million, The Defender reports.