After days of speculation, UT System Chancellor Francisco Cigarroa and President William Powers Jr. agreed to set Powers’ resignation date for June 2, 2015, giving him almost 11 months to complete his remaining goals for the University.
Naval Adm. William McRaven and Richard Fisher, president and CEO of the Federal Reserve Bank of Dallas, are among the finalists to for the UT System chancellor position, according to media reports on Friday.
In the first UT System Board of Regents meeting since Chancellor Francisco Cigarroa asked President William Powers Jr. to resign, Chairman Paul Foster expressed disappointment with “insulting and disparaging comments” sent to Cigarroa over the past week and called on the board, System and University to move forward.
Before a packed audience at the Paramount Theatre on Thursday, President Barack Obama said the economy has improved since the economic recession from 2008 to 2009 in an address on the economy that criticized the gridlock in Washington.
In a letter to UT System Chancellor Francisco Cigarroa on Wedneday, 17 student leaders at the University asked him to work with President William Powers Jr. on developing a timetable for Powers’ exit at the end of the 2015 legislative session.