Chancellor Linda P.B. Katehi today (March 4) issued the following statement:

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I take my responsibilities as chancellor of UC Davis, and to the entire University of California, very seriously and sincerely regret having accepted service on boards that create appearances of conflict with my deep commitment to serve UC Davis and its students. I have resigned from the DeVry board and intend to donate all the stock proceeds I made from serving on the John Wiley and Sons board to a scholarship fund for UC Davis students. I look forward to continuing to serve the UC community.