(NEW YORK) — Wells Fargo’s CEO Tim Sloan stepped down Thursday, saying he’d become too much of a political target after a rocky tenure during which the deeply troubled bank dealt with a seemingly unending wave of scandals.

Sloan said in a statement he will give up his roles as CEO and president as well as his seat on the board, effective immediately. He will fully retire from the bank on June 30.

Sloan led the banking giant for less than three years. A longtime insider, Sloan was chosen to replace outgoing CEO John Stumpf, who resigned in October 2016 after Wells Fargo employees were found to have fraudulently opened millions of bank accounts in order to meet the company’s unrealistic sales goals.

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