MACON - Ruth Austin Knox was named president of Wesleyan College on Thursday, becoming the second woman and first alumna to get the job. <br>
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The board of trustees at Wesleyan, the Southeast's oldest liberal arts college for women, unanimously approved Knox's appointment. <br>
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Knox, 49, who has been acting president since May, inherits a projected $3.5 million debt this fiscal year due to poor investment returns, fewer donations and lower revenues. <br>
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``There can be no sugarcoating that fact,'' Knox said. ``We embrace our challenges; we do not fear them.'' <br>
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Knox will leave behind an Atlanta law practice for the presidency at the 167-year-old private college. <br>
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Former President Nora Kizer Bell left last year to become president at Hollins University.
