The University of Arkansas for Medical Sciences’ vice chancellor for campus operations has announced his retirement effective June 30, the end of the fiscal year.
Mark Kenneday notified the administration of his plan to retire on Jan. 22, according to UAMS spokeswoman Leslie Taylor.
“Mark has served as vice chancellor for campus operations since 2008,” Taylor said in an email. “During that time he has overseen construction and facilities development at UAMS campuses throughout the state.”
Taylor said plans for his successor have not been announced.
Kenneday’s annual salary is $240,899.
Arkansas Business reported in December that the university was looking for ways to cut costs amid a projected a deficit of $72.3 million for the current fiscal year. At the beginning of the fiscal year, UAMS had projected a deficit of $39.8 million. UAMS said it had to cut more than $30 million in expenses in the current fiscal year to comply with its budget as approved by the University of Arkansas’ board of trustees.
Last month, UAMS announced it would reduce its workforce by 600 positions, which included 258 occupied positions. The move is projected to lower expenses by between $26 million and $30 million for the fiscal year that ends June 30. For the entire fiscal year that starts July 1, the savings will be about $60 million.