SC State board chair Way retires with school in good shape
ORANGEBURG, S.C. (AP) — South Carolina State University Board Chairman Charles Way Jr. is retiring as a trustee at the school.
Way announced he was leaving at Thursday’s board meeting, saying he felt like the university was back in good financial shape after nearly losing its accreditation. Way handed the gavel to trustee Milton Irvin to take over as chairman.
The Times and Democrat of Orangeburg reports that Way told members he was about to turn 80 and his family wants him to slow down a bit.
Way was appointed to the board in 2015 after lawmakers removed all of the university’s trustees because the school was tens of millions of dollars in debt.
Way says the debt is gone, the budget is balanced, donations are up and enrollment goals have been exceeded.
Information from: The Times & Democrat, http://www.timesanddemocrat.com