University of Virginia President Teresa Sullivan is stepping down from her position, effective Aug. 15.
In a statement, Sullivan says although she and the board have "philosophical differences," she treasures her time at the University. According to the statement, her decision was "mutually agreed" upon by her and the board.
In a statement on the UVA's website, Rector Helen E. Dragas said, "We express our deep appreciation to President Sullivan for her effective stewardship of the University. She is a much respected educator, as well as a visible presence in the University community and a prominent voice in higher education."
Sullivan was the first woman to lead UVA, which didn't become fully co-educational until 1970.