CHAPEL HILL -

The chancellor who has run North Carolina's flagship public university is stepping down next year after multiple scandals that have erupted since he took office four years ago.

The University of North Carolina at Chapel Hill said Monday that Chancellor Holden Thorp intends to step down at the end of this academic year. The school said in a prepared statement that Thorp thought that action was best for the future of the university.

Thorp met privately Friday for almost an hour with the board overseeing the 17-campus state university system amid investigations into academic fraud, improper travel spending by fundraisers and special treatment for athletes. Several members of the Board of Governors said Friday they thought Thorp was doing a great job

Thorp will stay until June.