Venkatesham has been with Arsenal since 2010, initially joining the commercial department, while he has been the chief executive officer of the London giants since September 2020.
The CEO has said that it «was a tough decision» but feels he is ready to seek pastures new.
«This was a tough decision, but it is time to pursue another challenge. Now is not the time for goodbyes as I remain focused until my last day and supporting a seamless transition,» he said in a statement.
Meanwhile, the club's co-chair Josh Kroenke added: «The Board is fully supportive of Vinai's desire to pursue his next challenge.
»Whilst 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 welcome back at Emirates Stadium.
«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.»
Venkatesham has been part of the leadership team alongside sporting director Edu and head coach Mikel Arteta, with all three key to the club's change of fortunes.
The Gunners will be bidding to launch another challenge for the Premier League title this season, in addition to making an impression in the Champions League on their return to the competition.
Arsenal won the Community Shield at the beginning of August by beating Manchester City on penalties, before starting their Premier League season with a 2-1 victory over Nottingham Forest.
Arteta's side then
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