CPS CEO Forrest Claypool announces his resignation

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CHICAGO -- Embattled Chicago Public Schools CEO Forrest Claypool announced his resignation Friday.

The move comes just one day after a bombshell report by the Inspector General that recommended Claypool be fired, for lying during an ethics investigation.

But at a new conference Friday afternoon, there was no mention of that report. Mayor Rahm Emanuel was even on hand at the news conference to commend Claypool for his efforts.

Janice Jackson was selected by Emanuel to replace Claypool and serve as the school district's acting superintendent.

Claypool's resignation will take effect on Dec. 31.