Complex sentence: He was subsequently named president of the college and held that position until 2012, when the faculty gave him a vote of no confidence and students protested demanding he step down over alleged financial mismanaement which caused the school to close.
Split into simpler sentences: He was subsequently named president of the college and held that position until 2012. At that time, the faculty gave him a vote of no confidence and students protested, demanding his resignation over alleged financial mismanagement which caused the school to close.