Written by The Business Journal Staff
Fresno State announced the resignation of Dr. Timothy M. Stearns from his post as executive director of the Lyles Center for Innovation and Entrepreneurship today, following allegations he took questionable payments and had several conflicts of interest.
With the resignation, Stearns has accepted a temporary appointment as special assistant to the provost until June 30. In the new role, he will assist the provost in correction of the audit findings recently released by the California State University Office of Internal Audit, and help facilitate the transition for new leadership at the Lyles Center.
Stearns will also provide assistance in the planning and the upcoming 10-year anniversary of the center’s location on campus and will continue on as a faculty member in the Craig School of Business in the specialty of entrepreneurship curricula, according to a statement from the university.
Allegations against Stearns were made public in an audit report earlier this month. He has been the executive director of the Lyles Center since it was established in 2003.
According to a statement from the university, a decision on the interim executive director is forthcoming while a nationwide search for new director is conducted.