Vinai Venkatesham, who has been with the Premier League club for over a decade, will be leaving his position in the summer of 2024.

Arsenal has officially confirmed that Venkatesham will step down at the conclusion of the ongoing season.

He initially joined the club in 2010 as the head of global partnerships and gradually worked his way up within the Premier League club. Venkatesham assumed the role of CEO in 2018 but has now decided to conclude his tenure with the Gunners.

“This was a tough decision, but it is time to pursue another challenge," he told the club's official website. "Now is not the time for goodbyes, as I remain focused until my last day and support a seamless transition.”

Arsenal has expressed gratitude to Venkatesham for his dedicated service to the club and will now turn its attention to the process of finding his replacement at the Emirates Stadium.

"The Board is fully supportive of Vinai’s desire to pursue his next challenge. While it is business as usual with everyone focused on the season ahead, we’d like to take this moment to thank him for his contribution and long service. Vinai will always be part of the Arsenal family and always be welcome back at Emirates Stadium," said co-chair Josh Kroenke.

"Change and succession is something the club is well prepared for. The Board remains committed to our strategy and will address leadership change as we continue to drive the club forward.”

Arsenal are back in Premier League action on Sunday against Everton at Goodison Park.