University of Minnesota President Eric Kaler is stepping down next summer.
Kaler made the announcement Friday morning, saying his last day will be July 1, 2019.
"This is an incredibly demanding job, essentially seven days a week, evenings and nights included, and as proud and confident of my contributions and ability as I am, I also know that the University will benefit from a fresh perspective," said Kaler. "Quite simply, it is time."
Kaler isn't retiring altogether. He said he plans to work as President Emeritus through 2020 to fulfill his commitment to a $4 billion Driven campaign. He'll then go on sabbatical before going back to a faculty position with the U's Department of Chemical Engineering and Materials Science.
"My wife, Karen, and I both thank you for your kindness, your friendship, and most of all, your contributions to this University. I know that whatever my legacy will be, it will include the proud phrase 'The University of Minnesota,'" Kaler added.