Board Chair Yves Bradley introduced a new transition team to students and media Tuesday, four days after protests led to a dramatic resignation by President Christine Plunkett.
The school is $10.5 million in debt and on probation with the New England Association of Schools and Colleges, in danger of losing its accreditation.
Bradley said Plunkett submitted her official resignation Saturday, after abruptly announcing "I resign" to protesting students Friday.
In the interim, the school will be led by Michael Smith. Jane Knodell and David Coates will provide advice, academic and financial, respectively. Smith will make $8,000 per month. Knodell and Coates will work pro-bono.
"We now need to do everything that we possibly can to support this institution moving forward," said Bradley. "And to make sure that we are able to continue to educational missing that this college has been tasked with and takes extraordinarily importantly."
Members of the Student Union expressed concern over Bradley's intentions.
"Under the leadership of Yves Bradley, considering his business ties to the community, we are currently investigating a conflict of interest between his economic motives and his relationship to the college."
Bradley said Tuesday there will be budget cuts, but declined to say where those would be.
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