University of Montana President Royce Engstrom will be stepping down from his position at the university. Commissioner of Higher Education, Clayton Christian, made the announcement Thursday morning.
Christian says Engstrom's resignation will be effective December 31.
Christian's statement reads:
News of Engstrom's resignation comes following confirmation the university will be making several budget cuts including faculty and staff layoffs. UM says they had an emergency meeting Wednesday night to discuss the university's financial situation. Engstrom sent out an email Wednesday confirming the additional cuts.
This is a developing story and we will update you as soon as more information becomes available.