Former U.S. Treasury Secretary Larry Summers will resign from teaching at Harvard University as the campus reviews his ties to the late convicted sex offender Jeffrey Epstein, the university announced Wednesday.
Summers, who has been on leave since November and whose name appeared hundreds of times in newly released Epstein files, will step down at the end of the school year, according to a statement from Harvard spokesperson Jason Newton.
''Professor Summers has announced that he will retire from his academic and faculty appointments at Harvard at the end of this academic year and will remain on leave until that time,'' Newton said.
In a statement, Summers said it was a difficult decision and expressed gratitude to the students and colleagues he worked with over 50 years, including five as Harvard's president.
''Free of formal responsibility, as President Emeritus and a retired professor, I look forward in time to engaging in research, analysis, and commentary on a range of global economic issues,'' Summers said.
The Justice Department's latest release has rippled through academia, uncovering Epstein's ties to numerous researchers who sought his funding and his friendship even after he became a convicted sex offender. Summers' resignation follows that of Dr. Richard Axel, a Nobel laureate, who on Tuesday announced he would step down as co-director of Columbia University's Zuckerman Mind Brain Behavior Institute.
Summers served as treasury secretary under former President Bill Clinton and went on to lead Harvard for five years starting in 2001.
A trove of files released by the government cast new light on Summers' relationship with Epstein, which spanned years and included visits to one another at their homes in Massachusetts and New York. The two traded emails on topics ranging from politics and the economy to women and romance.