The Rt. Rev. Craig B. Anderson, Rector of St. Paul’s School in Concord, NH and former Bishop of South Dakota has agreed to step down as headmaster of the Church related prep school at the end of the school term in June.

The decision was reached after careful deliberation, according to a May 28 statement and “the board and the rector believe this to be in the best interests of the school.”

Bishop Anderson’s eight year tenure as rector of the school came under fire in 2003 after The New York Times ran a series of articles detailing concerns among some alumni and trustees over Bishop Anderson's compensation package and what critics charged was a lack of oversight of the school’s finances. The controversy surrounding Bishop Anderson’s annual compensation package of $452,000 prompted the New Hampshire Attorney General’s Office to investigate.

Last year the school trustees agreed to reduce Bishop Anderson’s salary by 10 percent, and froze it for two years.

On May 14, the Times reported the Internal Revenue Service had begun an audit of the school’s finances.

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