UCF Board of Trustees meeting Thursday, Sept. 20 - Marcos Marchena and media (copy)

UCF Board of Trustees Chairman Marcos Marchena addresses news media following an emergency board meeting on Sept. 20, 2018. The board discussed the misused $38 million that funded the new Trevor Colbourn Hall on UCF's main campus. 

UCF Board of Trustees Chairman Marcos Marchena announced he will step down from his position as chairman — but said he will remain a trustee — during the Florida Board of Governors meeting at Florida International University in Miami on Thursday. 

"My service to UCF has never been about me, but what is best for the university, students and community we serve," Marcena tweeted in a thread. "So to show the seriousness with which I have approached this matter, I have relinquished the board chairman position today." 

The resignation comes after the Bryan Cave Leighton Paisner law firm investigation into the $38 million of misused funds used to build Trevor Colbourn Hall. The three-month long investigation raised several questions and prompted UCF President Dale Whittaker to terminate four university administrators earlier this month.

"The investigation report made it very clear that our Board did not know that we were being asked to approve expending funds in a way that was inappropriate — and in fact the report finds that we were unaware because it was concealed from us," Marchena tweeted

Marchena had served as the chairman since 2015, according to the Board of Governors meeting minutes. In addition to serving as chairman, he also serves on the board of directors for the UCF Foundation. 

In the past, Marchena has served as chairman of the Florida Transportation Commission, which provided oversight to the Florida Department of Transportation, according to the Board of Trustees website.

The website states he also served as chairman of the Federal Middle District Court Nominating Committee, chairman of the Valencia Community College Board of Trustees, the Orange County Planning and Zoning Commission and the City of Orlando Nominating Board.

In his announcement during the Board of Governors meeting, Marchena said his family and close friends unanimously disagreed with his decision to resign as chairman.

"UCF is an outstanding university providing high-quality education to students from all walks of life," Marchena wrote in a final tweet. "I have full confidence in our future and our leadership by President [Dale] Whittaker."

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