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McCord stepping down as Pennsylvania treasurer after 6 years

HARRISBURG, Pa. (AP) - Pennsylvania state Treasurer Rob McCord is stepping down from the job after six years in the office, although the Democrat who just ran unsuccessfully for governor gave no indication Thursday what he had planned for his future.

In a statement through his office, McCord, 55, a former venture capitalist, listed his accomplishments and he said only that it is time for him to return to the private sector.

"It has been the privilege of a lifetime to serve the citizens of the Commonwealth as their elected State Treasurer for the past six years," McCord wrote in a letter to Gov. Tom Wolf. "But with my goals at Treasury now achieved - and with a new governor now in office to appoint my successor - it is time for me to return to the private sector, where most of my life's work has been."

The departure comes just after his lawsuit with Senate Majority Leader Jake Corman against the NCAA resulted in college sports' governing body restoring 112 football wins it had stripped from Penn State in the Jerry Sandusky child-molestation scandal and dropping other lingering penalties it had imposed.

McCord's office said his last day will be Feb. 12.

He was elected to two four-year terms in the office and ran unsuccessfully for governor last year, losing in the primary to Wolf. The campaign sowed hard feelings after McCord raised the issue of race by connecting Wolf to a former York mayor who had been charged, and later acquitted, with murder for allegedly inciting white gang members to kill a black woman during York's 1969 race riots.

McCord, a Montgomery County resident, will leave with two years left in his final term. It will be up to Wolf to nominate a successor, with Senate confirmation, to fill the job through the 2016 election.