The University of Texas is pursuing outgoing U.S. Secretary of State Rex Tillerson to become its next chancellor, according to people familiar with the matter.

The former Exxon Mobil Corp. chief executive—who gave his farewell speech as the nation’s top diplomat Thursday and is formally set to leave his post March 31 after a tumultuous tenure serving President Donald Trump—is said to be open to the opportunity of leading the University of Texas System, one of the largest in U.S. higher education, the people said.

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