Philip Beard has announced his resignation from the QPR board.
The R's CEO is set to step down from his role on March 15 after spending three-and-a-half years at Loftus Road.
Beard has sighted the recent changes at the west London club, since the departure of Harry Redknapp as manager, as the major reason behind his decision.
"The role of the CEO at QPR has changed in the wake of the recent senior management changes, especially on the football side of the club," he told the club's official website.
"Whilst the changes have been positive, the decision-making process is evolving all the time at the club and I felt now was a sensible time to move on to other opportunities.
"QPR is a wonderful club and I have thoroughly enjoyed working with the directors and incredible management team and staff at QPR.
"Most of all I want to thank the fans. The passion and loyalty of the Rangers supporters is second to none and I will never forget being one of 40,000-plus R's fans celebrating our Play-Off Final victory at Wembley in May.
"I've thoroughly enjoyed my time at QPR and I wish the club all the best for a bright future."
BREAKING: Philip Beard to leave CEO position at Loftus Road on March 15th 2015 http://t.co/nsah4nDdBb#QPRpic.twitter.com/7V3icQtcgF
— QPR FC (@QPRFC) February 13, 2015
