Sarah Palin, governor of the U.S. state of Alaska and also Republican vice presidential candidate for the 2008 elections, announced on July 3 that she will resign from her post later this month and will not run for re-election as governor.
Palin made the announcement at a news conference at her home in Wasilla, Alaska.
"People who know me know that besides faith and family, nothing's more important to me than our beloved Alaska," said Palin.
"I am determined to take the right path for Alaska even though it is not the easiest path," she said.
Palin announced that she will relegate the power of governor to Lieutenant Governor Sean Parnell in order to serve Alaska's best interests.
Parnell already indicated that he will seek election to the governor's office in 2010.
The transfer of power will occur following the Governor's picnic in Fairbanks on July 26, according to a statement released by Palin's office.
"At that point in time, Lieutenant Governor Sean Parnell will be sworn in and Lieutenant General Craig Campbell will assume his role as Lieutenant Governor," the statement said.
