President Trump’s nominee to be secretary of the Navy said Sunday that he was withdrawing from consideration for the post. 

In a statement released by the Pentagon, Philip Bilden he determined that he would not be able to satisfy the Office of Government Ethics requirements without what he called “undue disruption and materially adverse divestment of my family’s private financial interests.”

Defense Secretary Jim Mattis said in a statement that he would make a recommendation to Trump for a nominee in the coming days.

“While I am disappointed, I understand and his respect his decision,” Mattis said, “and know that he will continue to support our nation in other ways.”