When he leaves the top position at the University of Nebraska system later this year, Hank Bounds will return to the classroom at the University of South Alabama.
Bounds, NU's seventh president, announced March 25 he would step down from his leadership role and return to the South with his wife, Susie, and the couple's two children.
The Mississippi native was named president of NU in 2015 after serving as a high school teacher, principal, superintendent, state superintendent and the Mississippi commissioner of higher education.
On the day he announced his plans to step down, Bounds said he would work as an educational consultant, but said it was too early to discuss his other plans.
Bounds, 52, said Friday evening he will teach university finance and other higher education-related courses to graduate students at South Alabama.
"It's something I have some experience in," he joked. NU's budget will be finalized by the Legislature's Appropriations Committee in the coming weeks before it goes to the floor for debate.
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The president will follow his family to its new home in Fairhope, Alabama, after stepping down in mid-August. Classes at South Alabama start later that month.
An annual proxy report filed with the Securities and Exchange Commission by clothing and apparel store The Buckle on April 24 indicated Bounds, who was named to the company's board of directors last year, would teach beginning in August at South Alabama, which is located in Mobile.
Bounds was recommended to serve another term on the board for The Buckle, which is based in Kearney. He is compensated with 3,000 shares, according to the report, out of more than 20.5 million held by board members.
NU is still working to finalize a series of listening sessions at each of its four campuses to hear from students, faculty, staff and other stakeholders about what skills and characteristics they want to see in the next system president.
The Board of Regents, which will hire Bounds' replacement, has not named an interim leader at this time, but has said it plans to conduct a timely national search utilizing a search firm and multiple advisory committees.