The governing body of the University of Greater Manchester, formerly known as the University of Bolton, has formally terminated the contract of its longtime vice-chancellor, Sir George Holmes. The announcement, delivered via email to staff and students on Wednesday, concludes a period of leadership instability that began last year when Holmes was initially suspended from his post.

Holmes had led the institution for twenty years prior to his suspension. The university’s decision to sever ties follows a series of allegations regarding financial mismanagement and other forms of professional misconduct. While the university has confirmed that Holmes is no longer employed by the institution, the specific details regarding the findings of the investigation into his conduct have not been fully disclosed to the public. The move marks a significant transition for the university, which has been operating under uncertainty since the allegations first surfaced. The governing body has not yet provided details regarding the permanent appointment of a successor, leaving the institution to navigate the aftermath of the leadership change as it moves forward from the tenure of its longest-serving head.