June 10, 2012 - The BOV and Sullivan make a surprise, joint announcement that Sullivan will step down effective August 15, only two years into her tenure, cutting short a five-year contract [pdf]. Sullivan cites "a philosophical difference of opinion," and in a separate statement, Rector Helen Dragas states that the "Board believes this environment calls for a much faster pace of change in administrative structure, in governance, in financial resource development and in resource prioritization and allocation."
June 11, 2012 - news spreads of the ouster; UVa Faculty Senate Executive Council releases statement [pdf] expressing shock and demanding "a full and candid explanation of this sudden and drastic change in University leadership."
June 12, 2012 - Council of Chairs and Directors of the College and Graduate School of Arts & Sciences all sign a letter to the BOV [pdf] expressing support for Sullivan and requesting a full explanation.
June 16, 2012 - Speculation grows that 1976 alumnus, hedge fund manager, and major donor Paul Tudor Jones was one of the "important alums" mentioned in Keirnan's email as driving the decision, based on an op-ed by Jones in the June 17 Charlottesville Daily Progress (reprinted here) that "we should all be elated" by the Board's decision.
June 17, 2012 - Faculty Senate holds "raucous meeting" with over 800 in attendance. Provost John Simon says that "board actions over the next few days will inform me as to whether the University of Virginia remains the type of institution I’m willing to dedicate my efforts to help lead," and other faculty members express similar sentiments, before voting 68-2 to endorse the Executive Council's no-confidence resolution.