California Lt. Governor Eleni Kounalakis has announced that she is ending her campaign to run for governor in 2026.

In a statement, Kounalakis said she has decided to run for state treasurer instead.

"This decision was not made lightly," Kounalakis said Friday . "At this moment, I believe I can make the greatest impact by focusing on California's financial future."

She added, "As State Treasurer, I will bring a deep commitment to fiscal responsibility, economic opportunity and strategic investment in our state's priorities."

I remain as committed as ever to serving the people of California and ensuring that our state continues to lead the nation. pic.twitter.com/p9OBZYIoxm — Eleni Kounalakis (@EleniForCA) August 8, 2025

The state's first woman to be elected lieutenant governor, K

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