UNC Chancellor Holden Thorp to resign

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Holden Thorp will step down as chancellor of UNC-Chapel Hill at the end of this school year (Gerry Broome, AP)

Holden Thorp

The University of North Carolina announced today that Chancellor Holden Thorp will step down from his position at the end of the 2012-2013 school year. WRAL broke the story of Thorp's resignation amid ongoing scandals within the school's athletic department, specifically the Tar Heels' football program.

Thorp met with the UNC Board of Governors on Friday, where he wasn't reprimanded for the transgressions in UNC athletics, according to the WRAL report.

"I think every chancellor is to be evaluated as we go along," Board of Governors Chairman Peter Hans told WRAL. "He clearly has some issues on campus he needs to successfully deal with."