Liberal Leader Kevin Aylward announced he's stepping down after he failed to win a seat in the Oct. 11 provincial election.
Speaking to media and supporters at the Delta Hotel in St John's this afternoon, Aylward said he was proud of the results in the election.
He said it was the best he could do, taking on the job only two months before election day.
The Liberals managed to pick up a few seats in the election, and retain Official Opposition status, but Aylward failed to beat Education Minister Joan Burke in the district of St. George's-Stephenville East.
Yvonne Jones, who stepped down as party leader in August due to health reasons, has said she will stay on as Opposition Leader temporarily, until a new permanent leader is chosen.
Aylward said the party will pick a new leader “in due course.”
Aylward said there is a need for the party to "renew and re-energize" but also that he's optimistic about the party's future.
More details in Thursday’s print edition.