Robert Caret will begin his position as chancellor for the University of Maryland system July 1.
BOSTON - Robert L. Caret said in a statement that he is saddened that he will be leaving the University of Massachusetts where he has been president since 2011.
Caret announced his resignation Wednesday afternoon to become chancellor for the University of Maryland system.
"While I am excited and energized to return to Maryland, where I have accepted the position of Chancellor at the University System of Maryland, at the same time, I'm saddened that I will be leaving the University of Massachusetts.
"I have enjoyed my four years working for the benefit of the Commonwealth, but I could not say no to an offer to return to my home state where I will be closer to my family.
"I will not be leaving for several months and will work with the Board Chair, Henry Thomas, to ensure a smooth and successful transition to new leadership. It has been a great privilege to lead UMass, a world-class university."
He also listed a myriad accomplishments during his tenure including the opening of the UMass Center at Springfield, which opened in September, and a record enrollment of 73,000 students system-wide.
He was also instrumental in working with the Legislature and Gov. Deval L. Patrick to boost the state share of funding to 50 percent. That has enabled the university to freeze tuition and fees for students for the last two academic years.
"I've had the privilege of working closely with President Caret for the past four years; he has been a ally and an ardent supporter of our vision for the transformation of the Boston campus," UMass Boston Chancellor J. Keith Motley said in a statement.
"Bob's departure is a loss for the University of Massachusetts, but we will continue to implement our ambitious vision for our campus, and we look forward to working with the next president of UMass. I wish Bob the best in his new post, and I congratulate the University of Maryland on adding a first-rate leader."
In a formal statement, Henry M. Thomas III, chairman of the Board of Trustees said, "while it is disappointing to lose a leader of President Caret's accomplishment and stature, I think we can all understand Bob's desire to return to the system where his career began and that served as his professional home for most of his career."
Caret left Towson in Maryland to take the position at UMass. Caret will succeed University of Maryland Chancellor William E. Kirwan who gave his notice in May. He has said that he will stay in that post until February. Caret is slated to begin July 1.
"Bob is a wise and tenacious leader, and the University of Massachusetts is a truly great university. We are very confident about the road that lies ahead. I know you will join me in wishing Bob and his wife Liz well as they return to Maryland."