New Delhi, March 9 -- Walter "Ted" Carter Jr., president of The Ohio State University, has stepped down after informing the university's board of trustees about an inappropriate relationship involving a person seeking public resources to support a private business.

The university confirmed the development in a statement released on March 9, saying Carter had recently disclosed the matter to trustees and offered to resign from his position.

In its statement acknowledging his departure, the Ohio State University Board of Trustees highlighted Carter's contributions during his tenure, which lasted just over two years.

"The board appreciates the president's contributions to the university over the last two years," the university said, point...