The festival experienced financial problems from its outset which produced a quick turnover in leadership. On September 27, 1976, Theodore "Ted" Stern, the president of the College of Charleston at that time, was named as the new chairman of the Charleston Coordinating Committee after the departure of Hugh Lane. Personality disputes also arose involving Menotti. Menotti, who had served as the artistic director for the festival since its founding, claimed in 1991 that he was not interested in renewing his three-year contract when it ended in 1992 over artistic differences. The board did not officially accept his resignation immediately, but Menotti stood by his intentions, blaming artistic differences with the board and lack of personal control: "I no longer feel it is my festival, and this has been my life for 15 years. I feel a bit lonely among them. I'm treated like a clerk."