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ORU President to Step Down in Two Years (Sep 26, 2011)

TULSA, Okla. (AP) - The president of Oral Roberts University says he'll step down as president within the next two years.

In a statement posted Monday on the school's website, Mark Rutland said he feels "it will be time in the next year or two to transition from day-to-day executive leadership."

Rutland was named president in 2009, and guided the school as it overcame a spending scandal, lawsuits and job cuts.

Officials said in the statement that during Rutland's tenure, the school has eliminated $55 million in long-term debt; completed $40 million in campus renovations and achieved three straight years of enrollment growth.

The Board of Trustees has commissioned its Leadership Committee to facilitate a long-term succession plan for the office of president, and a timeline will be announced over the coming months.

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