President of struggling Virginia Intermont resigns

President of struggling Virginia Intermont resigns

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BRISTOL, Va. (AP) - The president of a struggling small private college in Bristol, Virginia, has resigned.

Clorisa Phillips announced her resignation Monday in a posting on Virginia Intermont College's website. Her resignation was effective immediately.

Phillips attributed her decision to resign to personal reasons, including her health and her family's well-being. She had served as Virginia Intermont's president since 2010.

Virginia Intermont's Board of Trustees named Art Rebrovick as interim president and restructuring agent. Rebrovick is CEO of Nashville, Tennessee-based Compass Executives, a management consulting firm.

The board says Rebrovick will help it to determine the college's next course of action.

Virginia Intermont has struggled to pay its bills because of financial issues. The college faces the loss of its accreditation on July 1.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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