Trustees at Chicago State University plan to vote Friday on a "separation agreement" for the school's president, who has had the position for nine months.
The Chicago Tribune reported Wednesday that the Chicago State Board of Trustees agenda for Friday's meeting includes voting on the agreement and naming an interim president. President Thomas Calhoun Jr. is paid $300,000 a year. He took the job in January and had a contract until January 2021.
The school and Calhoun didn't immediately respond to requests for comment from the newspaper.
Chicago State has had money troubles recently. In February it declared a financial emergency and about 40 percent of its employees have been terminated of laid off since the beginning of the year.
Calhoun replaced former President Wayne Watson, who retired last year.