Joe Moglia stepped down as Coastal Carolina University's head football coach on Friday, according to an announcement from the university.
Coastal released a statement that said offensive coordinator Jamey Chadwell will take over as coach and Moglia, who has led the program since 2012, will remain with Coastal as chairman of athletics through 2021.
"While my contract continues through the next two seasons, I believe that it is truly in the best interest of our program for Coach Chadwell to have the responsibility now so that he and the staff can focus on the next two seasons and be ready to go in the future," Moglia said in prepared remarks.
A former Wall Street executive, Moglia is just the second football coach to lead the Chanticleers. He has led the program through its transition to the FBS and posted a 56-22 record. He also won the 2015 Eddie Robinson FCS National Coach of the Year award and is a Lombardi Hall of Fame honoree.
In 2017, Moglia took a five-month medical sabbatical to deal with an allergic reaction in his lungs. He returned to the sidelines last year. The 2018 season was his 25th as a head coach.
"While we were all disappointed in the latter part of last season, we still exceeded the expectations of what anyone predicted in the preseason," Moglia said in the release. "Our 2018 team was one of the youngest in the nation, we had a significant scholarship deficit to our competition, and we had six new coaches working together for the first time.
"In the 2019 season, we'll still be young, but far more experienced. We will be much closer to 80 scholarships, and our staff has experience working together as a whole. We all believe that the future is bright for Coastal Carolina football. We also have tremendous confidence in Coach Chadwell as well as the rest of the staff."
Coastal President David DeCenzo praised Moglia for his work at the university.
"On behalf of the Coastal Carolina University family I want to thank Joe Moglia for all he has done not only to transform our football program, but for his support of the university," DeCenzo said in a release. "Joe is one of those individuals who bring such great talent and success to everything he's touched. He's taken us to a level that years ago was simply a dream. He leaves the coaching ranks with all the well-deserved accolades; and leaves a Coastal football legacy that is poised for even better accomplishments. Thank you Joe for your inspiration, hard work, and for your love of this special place called the Teal Nation. We are all in a better place since you became a Chanticleer."