Billionaire venture capitalist and Paypal founder Peter Thiel has decided to leave the board of Meta Platforms (the company formerly known as Facebook) after its annual shareholder meeting in May, according to an announcement from the company released just after markets closed on Monday afternoon.

According to reports published by Bloomberg and the NYT, Thiel is leaving Meta’s board so he can focus on backing political candidates who support President Donald Trump’s agenda during November’s midterms, which Thiel sees as “crucial to changing the direction of the country.” Both reports cited anonymous sources familiar with Thiel’s thinking. He doesn’t want his political activities to be a “distraction” from his work at Facebook, one of the sources said.