Complex sentence: The following year Eckerd stepped down as president after Dr. Peter Armacost was selected by the trustees for the post, and the institution's name was changed to Eckerd College to recognize Mr. Eckerd's critical and salvific support.
Split into simpler sentences: The following year Eckerd stepped down as president after Dr. Peter Armacost had been selected by the trustees for the post. The institution's name was subsequently changed to Eckerd College to recognize Mr. Eckerd's critical and salvific support.