Lt. Col. Oliver North is poised to become the new president of the National Rifle Association, according to a press release. North, a Fox News host and key figure in the Iran-Contra scandal, will become president “within a few weeks, a process the NRA Board of Directors initiated” Monday morning, the release says. North is retiring from Fox News immediately. “I am honored to have been selected by the NRA Board to soon serve as this great organization’s President,” North said. “I appreciate the board initiating a process that affords me a few weeks to set my affairs in order, and I am eager to hit the ground running as the new NRA President.” This comes after current NRA President Pete Brownell announced Monday that he will not pursue a second term as leader of the organization. “Oliver North is a legendary warrior for American freedom, a gifted communicator and skilled leader,” Executive Vice President and CEO Wayne LaPierre said. “In these times, I can think of no one better suited to serve as our President.” North is also known for his unsuccessful Senate campaign in 1994.