March 9 (UPI) -- Ohio State University accepted the resignation of its president, Walter "Ted" Carter Jr., after he admitted to an inappropriate relationship.

The university's Board of Trustees said in a statement Monday: "The president recently disclosed to trustees that he had an inappropriate relationship with someone seeking public resources to support her personal business."

Carter, 66, told the board on Saturday in a three-hour executive session, the Columbus Dispatch reported.

The board thanked Carter for his leadership and praised his accomplishments at Ohio State.

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