Harry Smith will serve on the Board of Governors until Feb. 1, or until another Board member has been chosen, according to Jason Tyson, director of media relations for the UNC System. Smith's term was set to run through 2021.
He joined the BOG in 2013 and served as its chairperson from 2018 until September, when he stepped down, saying the job required too much energy. He drew criticism during his time as chairperson, especially during the aftermath of Silent Sam's toppling.
According to Triangle Business Journal, Smith is resigning from the Board to go "back into capitalism" — focusing on his recently founded private equity firm.
Smith has long worked in the corporate world. Before chairing the Board, he was the chairperson and chief executive officer of Flanders Corporation.
Randy Ramsey, the previous vice chairperson, was chosen to replace Smith as Board chairperson on Oct. 1. Ramsey founded boat company Jarrett Bay Boatworks and is a partner and board member of Bluewater Yacht Sales.