St. Francis Xavier University president says he won’t renew contract

St. Francis Xavier University will have a new president this fall.

President Kent MacDonald announced in a letter Tuesday that he will not be renewing his contract at the Antigonish, N.S., school.

MacDonald signed on for a five year term as the university’s president in 2014.

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He says he told board of governors chair, Mike Boyd, of his decision earlier this month.

In the letter, MacDonald says his proudest achievement is the creation of the Xaverian Fund, a $50-million endowment for St. F.X. student scholarships and bursaries.

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MacDonald says will focus on wrapping up some projects at the university for the remainder of his tenure.