The University of Southern California on Wednesday announced a new school president who will usher in “a new era” following a series of high-profile scandals that culminated last week with a massive college admissions bribery case.

Carol Folt will become the university’s 12th president on July 1 following a lengthy nationwide search. She’ll be the first full-time female president in school history. The announcement comes a week after news broke of a college bribery scandal involving USC and other universities across the country.

Folt most recently was chancellor of the University of North Carolina at Chapel Hill, where she was forced out early in a dispute over a Confederate monument.

Folt will take over USC from interim President Wanda Austin, who stepped in after former President C.L. Max Nikias resigned last summer amid two major controversies: reports that the school ignored complaints of widespread sexual misconduct by a longtime campus gynecologist and an investigation into a medical school dean accused of smoking methamphetamine with a woman who overdosed.

USC said in a statement that Folt will “promote positive cultural change and uphold the highest values of excellence, integrity and trust across USC.”

Rick Caruso, chair of the USC Board of Trustees, said in a statement that Folt is “a brilliant, principled leader with clarity of purpose and integrity to lead the university forward and upward.”

Last week, prosecutors announced federal criminal charges that targeted prestigious schools including USC, Georgetown and Yale.

Prosecutors say wealthy parents — including Hollywood actresses Felicity Huffman and Lori Loughlin — either paid bribes to have a college counselor rig standardized tests or get their children admitted as recruits of sports they didn’t play.

More than half the 32 parents charged were trying to bribe their children’s way into USC.

The school fired senior associate athletic director Donna Heinel and water polo coach Jovan Vavic, who won 16 national titles. Both were accused of taking bribes. Two former USC coaches also were named in the scheme.

Folt said in a statement that she is “aware that our community is deeply troubled by a number of immediate challenges.”

“I assure you that we will meet these challenges together, directly, decisively and with honesty and candor,” she said. “This is a moment of responsibility and opportunity, and we will seize them both.”

Folt became the first woman to lead UNC-Chapel Hill in July 2013 and left less than six years later amid a controversy over a Confederate statue torn down on campus.

Folt had also inherited an academic scandal at UNC, which included a department that offered irregular courses with significant athlete enrollments dating back years before her arrival. The courses were misidentified as lecture classes that didn’t meet, required a research paper or two for typically high grades with little to no faculty oversight.

While internal and external probes had occurred before she arrived at Chapel Hill, Folt was leading the school in 2014 when it hired an outside attorney who later determined the problems dated back 18 years and affected more than 3,100 students.

Around the time of the report’s release in 2014, Folt said the university had little choice but to conduct the probe.

“It is hard for me to imagine how any person of character could’ve said, ‘No, sorry, don’t want to hear it,’ ” she said in 2014. “So we didn’t have a choice. This is the right thing to do.”

In the following years, protests grew around the Confederate statue known as “Silent Sam” in a main campus quad, with demonstrators decrying what they said were its white supremacist origins. Protesters toppled it in late 2018, as both supporters and detractors pressured top university administrators over the statue’s fate.

Earlier this year, Folt ordered the statue’s empty pedestal be removed and put in storage, while also announcing plans to resign. She had planned to stay on until the end of the academic year but was forced to leave in January after the chairman of the statewide university board complained about her decision to remove the remnants of the statue.

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