North Carolina chancellor Holden Thorp, whose tenure has been marred by several athletics-related scandals over the past two years, will resign at the end of the 2012-13 academic year, the school announced Monday.
"I will always do what is best for this university," Thorp said in a prepared statement. "This wasn't an easy decision personally. But when I thought about the university and how important it's been to me, to North Carolinians and to hundreds of thousands of alumni, my answer became clear."
The announcement came three days after Thorp answered questions from the UNC Board of Governors during a closed-door meeting about the school's top fundraiser, Matt Kupec, and Tami Hansbrough, a gifts officer and mother of former basketball star Tyler Hansbrough.
Kupec and Tami Hansbrough resigned last week after Thorp discovered that the couple had charged questionable travel expenses to the school.
It was just the latest scandal Thorp has resided over since he became chancellor in July 2008.
"Over the last two years, we have identified a number of areas that need improvement," Thorp said. "We have a good start on reforms that are important for the future of this university.
"I have pledged that we will be a better university, and I am 100 percent confident in that. We still have work to do, and I intend to be fully engaged in that until the day I walk out of this office."
Follow Robbi Pickeral on Twitter at @bylinerp.