Yale University has named Provost and the Chris Argyris Professor of Psychology, Peter Salovey, as its 23rd President and successor to Richard C. Levin.

Levin had been heading the Yale Presidency since 1993 and announced his decision to step down earlier this year.

Salovey will assume the responsibility June 30, 2013, the university said in a release.

"Peter brings a profound understanding of Yale, and great ambitions for advancing the University in the years ahead. The Trustees were inspired by Peter's impeccable integrity and character, and by his unwavering commitment to excellence. These personal qualities, combined with his significant leadership experience, his stature as a scholar, and his deep knowledge of and devotion to Yale, make him the best person to lead Yale well into the twenty-first century," said Edward P. Bass, Senior Corporation Fellow of the university's governing board.

Salovey has had three decades of academic and administrative experience at the University and he is the only president in the history of Yale who has served as the chair of an academic department, as dean of the Graduate School of Arts and Sciences, as dean of Yale College, and as provost, the university noted.

Meanwhile, Salovey is one of the latest in a series of Yale provosts who have been picked up to lead major universities. The university said that his immediate three predecessors took the responsibility of administration at Cambridge, MIT and Oxford.

"To the faculty, students, staff, alumni, and all of the Yale Community: I look forward to years of listening to you, being inspired by you, serving you, and collaborating with you to continue to ensure that Yale is a model of higher learning and scholarship, and an inspiration to the world," said Salovey, after he was announced as the next President.