Rob McCord

Rob McCord, Treasurer of Pennsylvania, resigned from his position on Thursday. This photo was taken last year when he met with PennLive's editorial board during what turned out to be an unsuccessful run for the Democratic nomination for governor.

(File photo/Pennlive)

Pennsylvania's Treasurer Rob McCord announced his resignation on Thursday from the elected post he has held since 2009, saying it is now time to return to the private sector.

McCord, a Democrat, indicated his last day is Feb. 12. He has tapped his chief counsel Christopher Craig to handle the treasurer's duties until Gov. Tom Wolf appoints a successor.

7 things we know about the outgoing treasurer

He was a venture capitalist before taking on the job of paying the bills for state agencies and investing more than $80 billion of public funds per year. His spokesman, Gary Tuma, said he'll be returning to that field.

He ran unsuccessfully for his party's nomination last year for governor.

Check back to PennLive later for more on this story. A copy of McCord's resignation letter follows: