Christopher Richardson announced his resignation Monday night, saying he is giving up the post because of personal reasons but plans to remain on as a trustee.
He says the last six months have been challenging but exciting as the board took action to address chronic budgetary challenges and addressed seismic upgrades.
The board says in a news release that vice-chairwoman Janet Fraser will take over Richardson's job on an interim basis and a new chairperson will be elected June 24.
The board reported in March that it was heading towards a $15-million deficit, but Education Minister Peter Fassbender ordered a review of the school board's finances.
The Ernst and Young report released June 9 found $72 million worth of potential annual savings, one-time savings of $750 million and Fassbender says trustees can save millions of dollars by being more efficient and closing up to 19 schools. (CKNW, The Canadian Press)