Iowa Lt. Gov. Adam Gregg Suddenly Steps Down

Iowa Lieutenant Governor Adam Gregg announced his sudden resignation, citing family commitments as he transitions to lead the Iowa Bankers Association.

At a Glance

Lt. Gov. Adam Gregg has resigned to become president and CEO of Iowa Bankers Association.
Gregg has served as lieutenant governor since 2017, elected in 2018 and 2022.
His resignation is effective immediately, with him citing a need to focus on family.
Iowa Governor Kim Reynolds will appoint a new lieutenant governor.

Gregg’s Resignation and New Role

Iowa Lieutenant Governor Adam Gregg has resigned from his position, effective immediately. The announcement came as a surprise to many, as Gregg steps down to take on a new role as president and CEO of the Iowa Bankers Association. Gregg, who has served as lieutenant governor since 2017, was elected alongside Governor Kim Reynolds in both 2018 and 2022.

In his resignation statement, Gregg emphasized the need to prioritize his family commitments. The decision marks a significant shift in Iowa’s political landscape and opens the door for Governor Reynolds to appoint a new lieutenant governor.

Iowa Lt. Gov Adam Gregg resigns immediately, takes job leading Iowa Bankers Association https://t.co/rrXuXElyR0

— Des Moines Register (@DMRegister) September 3, 2024

Gregg’s Tenure and Public Service

During his time in office, Gregg played a crucial role in Iowa’s government. An attorney and former state public defender, Gregg brought a wealth of legal experience to his position. His service was marked by a commitment to public duty and collaboration across party lines.

Gregg said in his statement, “I feel my time in public service must come to a close. This season of my life needs to be focused on my family. My kids are growing up too fast, and statewide elected offices force me to miss more of their lives than I can accept. While difficult, the decision to resign from this role allows me to honor my most important commitment ― my family.”

Gregg’s decision to step down reflects the challenges of balancing public service with family life. His departure has been met with understanding and support from colleagues across the political spectrum.

Transition to Iowa Bankers Association

Gregg’s move to the Iowa Bankers Association marks a new chapter in his career. Set to assume the role of president and CEO on October 1, Gregg will succeed John Sorensen, who led the organization for 28 years. This transition is expected to come with a significant increase in compensation compared to his lieutenant governor salary.

“In my time as lieutenant governor, I found that for every good thing happening in our state, there was an Iowa bank backing it,” Gregg said. “Now I have the great honor to represent this industry, which is so critical to Iowa’s success.”

The move has raised questions about the “revolving door” between government and private sector roles. Iowa law prohibits statewide elected officials from becoming lobbyists within two years of leaving office, a measure designed to prevent immediate profiting from government service.

Reactions and Next Steps

Reynolds expressed gratitude for Gregg’s service, describing him as a “tremendous partner.” State officials from both parties, including State Auditor Rob Sand and Attorney General Brenna Bird, thanked Gregg for his dedication to public service.

As Iowa prepares for this transition, Senate President Amy Sinclair will be next in the line of succession until Governor Reynolds appoints a new lieutenant governor. The appointment process will be closely watched as Iowa moves forward under new leadership.