CMC president resigns, accepts $500,000 separation payment
Colorado Mountain College and its president are parting ways, at a half-million-dollar cost to the school.
CMC’s board this afternoon accepted Stan Jensen’s resignation and approved a $500,000 separation payment to him under an agreement that otherwise is confidential. The board tapped its reserve account for the money.
Only four board members — barely a quorum — participated in a brief teleconference this afternoon to carry out the separation. However, the board has held several recent closed-door meetings on an unidentified personnel issue.
One board member, Pat Chlouber of Leadville, said during the teleconference, “I’m really sad to be here when it appears that we’re going to be separating Dr. Stan Jensen from CMC and I hereby regretfully accept his resignation in order that he receive the compensation” under the agreement.
Jensen listened in on the teleconference but did not speak.
Jensen joined CMC in 2008. The taxpayer-supported school has campuses in 11 mountain communities, from Steamboat Springs to Buena Vista and Breckenridge/Dillon to Rifle.
Arguably Jensen’s biggest accomplishment was helping lead a process under which the previously two-year college has begun offering some four-year degree programs.
One of the biggest controversies during his tenure came after the college administration signed a lease with SourceGas to locate a compressor station on the Spring Valley Campus outside Glenwood Springs. The CMC board in May voted not to honor the lease after questions arose about its potential impacts on the campus and neighboring landowners.