Federal Deposit Insurance Corporation Chairman Martin Gruenberg said Monday he plans to resign following nearly a decade at the helm after a key Democrat criticized him in the wake of a scathing report on sexual harassment at the agency.

Gruenberg made the announcement on Monday following blistering hearings before the House and Senate last week at which Republican lawmakers lashed Gruenberg’s leadership at the FDIC and called on him to step aside.

The announcement also comes the same day that Sen. Sherrod Brown (D-OH), the chairman of the Senate Banking Committee, broke with his Democratic colleagues and called for Gruenberg’s resignation.

Gruenberg wrote to FDIC staff on Monday and told them he plans to step down from the role but would remain on until he has a replacement.

“It has been my honor to serve at the FDIC as Chairman, Vice Chairman, and Director since August of 2005,” Gruenberg wrote. “Throughout that time I have faithfully carried out the critically important mission of the FDIC to maintain public confidence and stability in the banking system. In light of recent events, I am prepared to step down from my responsibilities once a successor is confirmed.”

The revelation comes after an investigation conducted by Cleary Gottlieb Steen & Hamilton at the request of a special committee formed by the FDIC last year. The 234-page report included employee accusations of sexual harassment and fears of retaliation from their superiors.

In addition, the report found Gruenberg had a “reputation for bullying and for having an explosive temper,” leaving staff feeling “disrespected, disparaged, and treated unfairly.”

“While not the root cause of the sexual harassment, discrimination, or other workplace misconduct impacting the agency as a whole, a number of people noted that tone and culture flows from the top down, and having a leader with a reputation of this type does create certain challenges in leading a cultural transformation that prioritizes a more positive workplace culture,” the report reads.

Republicans were quick to call for Gruenberg to step down, with many GOP lawmakers doing so during hearings on Capitol Hill. Gruenberg also faced tough questioning from Democrats.

On Monday, Brown, facing a tough reelection campaign in red-leaning Ohio, joined Republicans in pushing for Gruenberg’s ouster. Brown said there “must be fundamental changes at the FDIC” and called on President Joe Biden to appoint a new FDIC chief.

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“Those changes begin with new leadership, who must fix the agency’s toxic culture and put the women and men who work there — and their mission — first,” the Democratic senator said in a statement.

Gruenberg headed the FDIC from 2012 through 2018 and then assumed the role again in 2023 after a period of serving as acting chairman.