Arizona State University announced Monday that Ray Anderson has resigned as ASU's vice president for university athletics and athletic director, effective immediately.

Anderson, 69, will remain at ASU as a professor of practice and senior adviser to help expand the sports law and business program in the Sandra Day O’Connor College of Law, according to a release.

“It has been a privilege to serve as ASU’s athletic director for nearly a decade,” Anderson said in the release.

“We have entered an unprecedented era where the number and magnitude of changes in the college sports landscape are astounding. As I approach 70, these are not matters that my leadership would be able to corral during my tenure. Continuity of leadership will be needed, and I am choosing to step aside to let the university find that leader.”

Jim Rund, ASU senior vice president for Educational Outreach and Student Services, will serve as interim athletic director. Rund served as the interim athletic director in 2013 following the departure of Steve Patterson to the University of Texas.