Melbourne Victory Chairman Geoff Lord will step down from his position at the end of the season.

The successful businessman will make way for Anthony Di Pietro after the 2010/11 A-League season it was revealed at tonight's annual general meeting.

Lord, who has been in charge at the Victory since the A-League's inception in 2005, will remain at the club in the honorary Chairman's role once he hands over to Di Pietro.

Di Pietro has been a director of Premier Fruits Group since 1998 and in 2003 was appointed CEO and director of all Premier Group Companies. He is also a non-executive director at the Victory.