Lawrence Oudendyk has resigned as chief executive of Queensland Roar. Football Federation Australia chief Ben Buckley had admitted the dual role of Roar CEO and shareholder had the potential to cause "conflict" at the cash-strapped A-League club.
Oudendyk is yet to sell his 15 per cent share in the club, but the stock is set to be bought by the FFA as part of the governing body's temporary controlling investment in the financially embattled franchise.
"I do think ultimately that CEOs have to be responsible to the board," Buckley said.
"If they're major shareholders within the club, that often causes conflict between management and the board itself, as distinct to having a CEO who's accountable to a well-structured board."
Oudendyk said in a prepared statement: "I now look forward to spending time with my incredibly supportive family.
"I also look forward to enjoying watching football and the Queensland Roar as both a passionate football follower and Roar fan, rather than as a business activity.
"The prevailing economic conditions have made it very challenging to manage a professional football club which is still very much in its infancy."
Roar general manager Peter McLennan will run the day-to-day operations of the club until a new CEO is appointed.