University of Virginia Rector Helen E. Dragas issued this statement today in response to the resignation of Michael Strine, executive vice president and chief operating officer.

"In his work as an officer of the Board of Visitors, Michael Strine brought to bear those leadership skills and enthusiasm referenced by President Sullivan. We share her optimism that his commitment to higher education will serve him well in his future endeavors. He leaves the University in solid financial condition as evidenced by our stellar bond ratings, and the Board looks forward to supporting President Sullivan as she initiates a national search for a new financial leader."