Pete Wentz Forms New Band

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July 1, 2010 | 11:40am EST

Pete Wentz is moving on from Fall Out Boy by forming a new band called the Black Cards.

The rock band embarked on a hiatus earlier this year, with Wentz subsequently admitting the split may become permanent.

Frontman Patrick Stump has already announced plans for a solo album, while guitarist Joe Trohman and drummer Andy Hurley have teamed up with members of Anthrax and Every Time I Die to form The Damned Things.

Now Wentz has revealed his own plans for the future – he’s set to resurrect his music career in new band Black Cards.

Wentz teases fans about his new act in a post on his page, insisting details will be unveiled over the new few weeks.

He writes, “There will be no treasure hunt. No viral campaign. Just the opposite – next week things will appear on this site in a very controlled distribution. If you enjoy it, keep coming back. If it’s not for you then we understand.”