The president of the University of California system, Mark G. Yudof, announced on Friday that he would be stepping down at the end of August.
The news comes just months after California voters approved a tax increase that helped avert major budget cuts at the university and just days after the state’s governor, Jerry Brown, proposed a new state budget that would provide additional funds for the state’s colleges and universities.
Mr. Yudof said he was retiring but planned to return to teaching law at the university’s Berkeley campus. He also said that while the university system still faced financial pressures, he felt more confident that the “storm has been weathered.”
Mr. Yudof’s departure will mark the third transition of leadership in California’s three giant public-college systems in the last year.
Update (4:48 p.m., 1/20/2013): See a fuller report, by The Chronicle’s Goldie Blumenstyk, on Mr. Yudof’s departure.