Embattled UNC-Chapel Hill Chancellor Holden Thorp is on the way out.

WRAL reported Monday morning that Thorp will step down at the close of the 2012-13 academic year, ending a watch that has been plagued by allegations of academic improprieties, primarily associated with the school’s football program.

The school confirmed the news in a press release later Monday morning. This comes after Thorp met privately Friday with the UNC Board of Governors, the panel in charge of the state’s public universities. The release said Thorp on Sunday told UNC President Tom Ross of his plans to resign.

“I will always do what is best for this university,” Thorp said in the release. “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.”

Thorp has held the position since 2008. A UNC-Chapel Hill graduate and former chemistry professor, Thorp was among the youngest university leaders in the nation when he accepted the chancellor’s post at the age of 43.

But the school’s reputation has been sullied in the last two years by allegations of improper benefits for football players, as well as an ongoing investigation into academic misconduct—including altered grades and infrequently-taught courses—in the university’s Department of African or Afro-American Studies. The classes in question were popular among UNC athletes.

Most recently, the school has been in the headlines over accusations of improper travel spending among UNC fundraisers.

Thorp acknowledged the UNC scandals in Monday’s release.

“Over the last two years, we have identified a number of areas that need improvement,” he 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.”

Ross said he would work with UNC-Chapel Hill board of trustees Chairman Wade Hargrove to find a successor to Thorp.