Politico’s chief executive is stepping down this year.

Patrick Steel, the chief executive of Politico since 2017, said on Tuesday that he will leave the company this summer.

In an email to the staff, Mr. Steel, a former investment banker who was a special assistant to President Bill Clinton, said he had decided it was “the right time to start the next chapter of my career.”

“As a new administration settles in, it is time to pass the baton to another leader who can guide Politico to greater heights,” he wrote in the memo, which was obtained by The New York Times.

Mr. Steel 52, added that, under his leadership, Politico had doubled in size, expanded into new regions and completed its largest acquisition, the energy and environment website E&E News.

Mr. Steel’s decision to leave is the latest in a series of high-profile moves at Politico. The reporters behind its Playbook newsletter, Jake Sherman and Anna Palmer, as well as the congressional reporter John Bresnahan, left in December to start a competing site, Punchbowl News. Politico replaced them with a team that includes Rachael Bade, Eugene Daniels, Ryan Lizza and Tara Palmeri.

Robert Allbritton, the owner of Politico, said an executive search firm would help the company find its next chief executive.

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