University of North Carolina Chancellor Holden Thorp will resign at the end of the school year as the NCAA continues to investigate academic fraud involving the football team, USA Today reported Monday.
Thorp has presided over the investigation for the past two years in a scandal that included football players receiving improper benefits, academic misconduct related to a tutor and concerns about the quality of academic courses in the department of African and Afro-American studies.
Also, an internal audit concluded that Vice Chancellor for Advancement Matt Kupec and Tami Hansbrough -- mother of former basketball star Tyler Hansbrough -- used university money to fund personal trips. They have already resigned.
"I will always do what is best for this university," Thorp said in a 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.
"Over the last two years, we have identified a number of areas that need improvement. 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."
The scandal also cost the jobs of football coach Butch Davis and athletic director Dick Baddour.
A third-party investigation by former North Carolina Gov. Jim Martin and the State Board of Investigators into the academic fraud has also been on-going.
Thorp, who will return to teach in the university's chemistry department, will continue to oversee the investigation over the next nine months.