The president of DePauw University in western Indiana plans to step down at the end of the 2019-20 academic year, he announced Monday.
Mark McCoy, who has served as president of the Greencastle school since 2016, said in a statement that administrators have focused on "building a strong foundation for the continued investment in our student experience, people and campus."
Faculty members in November approved a resolution of no confidence in McCoy following questions about the school's finances and his response to racial tensions on campus last year. The school in February announced job cuts as part of a restructuring.
McCoy said he believes "new leadership can build on this stronger foundation." The school will search for his replacement, and McCoy said he will help in making a smooth transition.
McCoy was dean of DePauw's music school when he was named the university's 20th president in 2016. He joined DePauw in 2011.
DePauw, a four-year liberal arts college about 45 miles west of Indianapolis, has about 2,150 students. The 182-year-old school has an annual budget of $155 million and an endowment $731 million.