WATCH: NRA's Oliver North stepping down as power struggle roils organization
Oliver North speaks to Fox News (screen grab)

NRA President Oliver North said on Saturday he will not serve a second term and is stepping down after a bitter power struggle with executive director Wayne LaPierre.

According to USA Today, "North's surprise move came after LaPierre charged that North, a controversial figure in the 1980s Iran-Contra scandal, was trying to drive him out of the organization. North, 75, was finishing out his first year as president this week. NRA presidents normally serve two consecutive terms in the unpaid position."

You can read more here.

You can watch video of North's letter being read at the NRA convention on Saturday morning below: