University of Louisville President James Ramsey has resigned his post, effective as of Wednesday, and will receive a $690,000 settlement to avoid potential litigation.
The university’s Board of Trustees voted unanimously to accept the agreement after a seven-hour meeting that took place mostly out of the public’s view. The move comes as the attorney general awaits a judge’s ruling on whether the board itself is legal, since Gov. Matt Bevin dissolved and reconstituted it last month.
The attorney general’s office has requested that the governor’s order reorganizing the U of L board be temporarily blocked. If that happens, the old version of the U of L board would be reconstituted.
Board Chairman Junior Bridgeman said he didn’t think the pending action had any connection to their action Wednesday.
“We’re looking at what’s our job — to come in and do the best we can to try to push the university forward,” he said.