Pat Robertson Stepping Down As University President

Regent University says its founder, religious broadcaster Pat Robertson, plans to retire next summer from his post as president of the private Christian school.

Robertson, who founded the Virginia Beach school in 1978, will step down effective July 1, 2010. He will continue to serve as chancellor and on the board of trustees.

Regent says a newly appointed search committee will name a new president who will take over by the fall semester of 2010.

The 79-year-old Robertson became the sixth president of Regent University in 2000. The school known for its Christian perspective has more than 4,500 students studying on its campus and online.

Robertson also founded the Christian Broadcasting Network, which broadcasts his television show "The 700 Club."

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