SWEET BRIAR, Va. (AP) _ Sweet Briar College has a new president and a new board of directors. The changing of the guard occurred Thursday under terms of a mediated settlement to keep open the small liberal arts college that was scheduled to close in late August. In a statement issued by Saving Sweet Briar, the college’s new president, Phillip Stone, said the “tremendously fierce commitment” of the school’s alumnae had not been tapped when they were needed most. He also said it is not his intention to keep the school running for just one more academic year, adding that the aim is to keep Sweet Briar open for another 114 years. In early May, the now former leadership of the women’s college said Sweet Briar would have to close because of insurmountable financial challenges.