Part 3: Click the "PLAY" tab above the story to view the video.

• The search for a new chancellor is the responsibility of the board of trust and could "take a while," but the administration is moving "with all deliberate speed."

• The board is "very supportive" of Gee and has "give him the opportunity to stay as long as he wants to stay."

• For Vandy, things are "business as usual."

To view Part 1 of the press conference, click here. For Part 2, click here.

All video edited by Elizabeth Middlebrooks.