Melbourne chief executive Peter Jackson has announced his retirement, with the respected industry figure to leave the AFL club early next year.
Clearly pleased with the results of their senior coach succession plan, with Simon Goodwin replacing Paul Roos, the Demons will do the same with the chief executive role.
Jackson, who is contracted until the end of October, has agreed to remain at the club into 2019 to ensure a smooth transition for the incoming CEO.
"When I arrived at the club in May of 2013, I said that I couldn't do this role forever," Jackson said on Wednesday in a statement.
"Good leadership involves knowing when it is the right time to pass the baton to someone else and that time has now come for me.
"The succession plan for senior coach was a success, and I and the board want to ensure a similar transition in the role of CEO.
"The length of the handover period will depend somewhat on the successful candidate but I look forward to working with that person to transition them into the role."
Jackson, who had previously held the same role at Essendon, took over when the Demons were widely considered a basket case.
He joined the club, initially for a six-month term, after Cameron Schwab's departure, with senior coach Mark Neeld shown the door not long after.
Melbourne are still yet to make the finals under Jackson's stewardship but the club are in a much better position financially and appear headed for success on the field.
The Demons will begin the process of finding a new chief executive immediately and are expected to name a successor in coming months.