CBI director general John Cridland is to leave the business lobbying group after five years in the role.
The CBI has appointed recruitment agency Odgers Berndtson to find a successor. Cridland’s contract is due to expire in January.
He told the FT he had always intended to follow the lead of his predecessors and serve one five-year term.
Cridland joined the CBI as a policy adviser in 1982 and is the first ever internal candidate to be appointed director general.
He would not be drawn on his next move, but says: “I believe I still have one major role in me.”
A CBI spokesman said: “This year marks the CBI’s 50th anniversary and, with the election looming, John remains focused on ensuring the new government delivers pro-enterprise policies and champions British business at home and abroad.”