SMU athletic director Rick Hart will step down from his position near the end of the current academic year, the university announced Friday. He will continue to serve as athletic director until SMU can identify a replacement.

SMU has invested more than $250 million in athletic facilities since 2013, including renovating and updating Moody Coliseum.

Hart leaves what's expected to be a highly sought-after job following SMU's conference switch and CFP appearance.