Texas A&M president announces he is stepping down

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Texas A&M President R. Bowen Loftin has announced to faculty that he will step down from his position in January 2014.

Loftin notifed university leaders on Friday that he will be stepping down from the position to start and lead a new instutite in Texas A&M's engineering department.

Loftin, who was president during A&M's departure from the Big 12 and entrance to the SEC, said in a statement he is looking forward to returning to teaching.

In a statement, the university said A&M Chancellor John Sharp will launch a national search for the new president immediately.

Follow Bobby Blanchard on Twitter @bobbycblanchard.