OXFORD, Miss. (WTVA) - Ole Miss Chancellor Jeffrey Vitter is resigning from his post.

He became chancellor of the university in January 2016.

In a news release issued by the university, Vitter will serve as chancellor through Jan. 3, 2019, and continue as a faculty member in the School of Engineering's Department of Computer and Information Science.

"I am excited about the opportunity as a faculty member to advance the university's research and academic excellence," he stated. "Both Sharon and I will remain strong citizens of Rebel Nation."

MORE: Read the full press release here

This is a developing story.