Brian Quintenz, one of five commissioners at the Commodity Futures Trading Commission, announced Tuesday he won’t seek renomination to a second five-year term and will depart the agency by the end of October.

Brian_Quintenz
Brian Quintenz

Quintenz, sworn into his post in August 2017, said the decision was made to “pursue new challenges and opportunities.” The Republican was initially nominated for a commissioner role by President Barack Obama in 2016 before a delay caused by switchover in Congress session led to his renomination by President Donald Trump in May 2017. Quintenz’s term expires this month.