Francisco Cigarroa
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University of Texas System Chancellor Francisco Cigarroa takes questions during a news conference where he announced his resignation Monday, Feb. 10, 2014, in Austin, Texas. Cigarroa, who has held the position for five years, will continue to serve as chancellor until his successor is named. (AP Photo/Eric Gay)

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University of Texas System Chancellor Francisco Cigarroa peers over his glasses as he reads a statement during a news conference where he announced his resignation Monday, Feb. 10, 2014, in Austin, Texas. Cigarroa, who has held the position for five years, will continue to serve as chancellor until his successor is named. (AP Photo/Eric Gay)

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University of Texas System Chancellor Francisco Cigarroa takes part in a news conference where he announced his resignation Monday, Feb. 10, 2014, in Austin, Texas. Cigarroa, who has held the position for five years, will continue to serve as chancellor until his successor is named. (AP Photo/Eric Gay)

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University of Texas System Chancellor Francisco Cigarroa, left, reads a statement as Board of Regents Chairman Paul Foster, right, sits near during a news conference where he announced his resignation Monday, Feb. 10, 2014, in Austin, Texas. Cigarroa, who has held the position for five years, will continue to serve as chancellor until his successor is named. (AP Photo/Eric Gay)

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University of Texas System Chancellor Francisco Cigarroa reads a statement during a news conference where he announced his resignation Monday, Feb. 10, 2014, in Austin, Texas. Cigarroa, who has held the position for five years, will continue to serve as chancellor until his successor is named. (AP Photo/Eric Gay)

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University of Texas System Chancellor Francisco Cigarroa leaves the board of regents room after a news conference where he announced his resignation Monday, Feb. 10, 2014, in Austin, Texas. Cigarroa, who has held the position for five years, will continue to serve as chancellor until his successor is named. (AP Photo/Eric Gay)

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University of Texas System Chancellor Francisco Cigarroa peers over his glasses as he reads a statement during a news conference where he announced his resignation Monday, Feb. 10, 2014, in Austin, Texas. Cigarroa, who has held the position for five years, will continue to serve as chancellor until his successor is named. (AP Photo/Eric Gay)