University of New Mexico President Robert Frank has announced that he won't seek to renew his contract after it ends next year.
Frank said Friday that he decided it was best to let the Board of Regents know of his intentions.
He was hired by UNM in January 2012 and his contract ends on May 31, 2017.
The regents now have eight months to choose the school's 22nd president.
On Thursday, Frank announced the university will put a freeze on hiring, and all college officials will perform departmental audits of temporary and part-time staff positions.