Liverpool FC chief executive Ian Ayre is to leave his position at the end of next season.
The 52-year-old has been in his current role since 2013, having previously been managing director and commercial director in a nine-year spell at Anfield, but has decided to step down at the end of his contract in May 2017.
The club's owners Fenway Sports Group (FSG) tried to persuade him to reverse his decision without success.
"Ian advised us of his intention to step down as CEO a few months ago," said a joint statement from FSG principal owner John W Henry, chairman, Tom Werner and president Mike Gordon.
"We asked him on several occasions to take some time to reconsider his decision but have been unable to convince him to remain as CEO beyond May of 2017."
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