Former Republican Maryland Gov. Larry Hogan resigned from his leadership position at the centrist organization No Labels as speculation builds about a 2024 presidential bid.

In a letter sent Dec. 15 to No Labels President and CEO Nancy Jacobson, Hogan said he would step down from his role as co-chairman of the organization, freeing him up to land on the group’s presidential ballot line possibly.

“In stepping aside, it is my intent that new leaders, who can devote themselves full-time to the effort, will be able to take the helm to direct the No Labels political operation,” he said in the letter.

No Labels founding chairman Sen. Joe Lieberman said in a statement to the Washington Examiner Thursday, “I think the world of Larry Hogan. He was a great governor and he’s been a great partner of mine as a fellow co-chair at No Labels. Whatever he does next, I know he will continue to be a powerful voice for common sense and national unity.”

A representative for Hogan did not provide comment.

Hogan, a centrist Republican who governed over a blue state, has left his plans vague following his departure from the governor’s mansion. No Labels has been seeking ballot access in various states as it weighs launching a third-party unity ticket for the November election.

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Hogan hasn’t ruled out joining No Labels as an alternative presidential option as the race is looking likely to be President Joe Biden against former President Donald Trump.

“If I thought there was a path to success to win the race, then I just said I wouldn’t shut the door to that opportunity,” he said last year.