Texas Tech University president Guy Bailey is the new president of the University of Alabama. Trustees unanimously approved Bailey's hiring during a meeting in Tuscaloosa on Wednesday. The Montgomery native says he's honored to be returning to his alma mater. Search committee chairwoman Karen Brooks says it's a ``bonus'' that Bailey is an Alabama graduate. Bailey has been president at Texas Tech since 2008. At Alabama he replaces Robert Witt, who is now chancellor of the three-campus University of Alabama System.