Iowa Lieutenant Gov. Adam Gregg resigned his position effective immediately Tuesday to take a job leading the Iowa Bankers Association, he said in a surprise announcement. Gov. Kim Reynolds issued a statement Tuesday afternoon saying Gregg would be resigning immediately “to pursue a career opportunity that allows him to focus more on his family.” Later Tuesday afternoon, the Iowa Bankers Association announced that Gregg has been chosen as its new president and CEO. Reynolds appointed Gregg as lieutenant governor after she assumed the governorship in 2017. He won election as her running mate in 2018 and 2022. Under Iowa law, the governor has the power to appoint a new lieutenant governor to fill the vacancy for the remainder of Gregg’s term. Until Reynolds appoints a new lieutenant governor, Senate President Amy Sinclair, a Republican from Allerton, is next in Iowa’s line of succession.