French President Francois Hollande announced Thursday he will not seek re-election next year.
This is the first time since 1958, when France's Fifth Republic was created, that an incumbent president has not sought a second term, CNN reports. French voters will head to the polls to vote in spring 2017, and Hollande's Socialist Party now needs to find a candidate to go up against Francois Fillon of the center-right Republican Party and Marine Le Pen of the far-right National Front. In 2012, Hollande was victorious over Nicolas Sarkozy, and became France's first Socialist president since Francois Mitterrand was re-elected in 1988.
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