Daniels, who was last week appointed Chair of the Adelaide Symphony Orchestra, said today he made the decision so he could focus on his board roles with the ASO and disability services organisation Novita.

He will step down on May 31 next year, marking exactly 10 years since he was appointed Adelaide Oval CEO in May 2012.

Daniels took over from former SMA boss Leigh Whicker and was tasked with overseeing the $535 million redevelopment of Adelaide Oval.

A former Motor Accident Commission and South Australian Motorsport Board CEO, he oversaw key developments at the ground such as the construction of the Oval Hotel, the inaugural day-night Test match and the acclaimed “RoofClimb”.

Adelaide Oval Chairman Kevin Scarce said it is “not an overstatement to say that Andrew is a world-class sports and major events administrator”.

“He has led this organisation through some of its biggest highs and also helped it navigate its biggest challenges,” he said.

“The board respects his decision to step down and his reasons for doing so.

“We believe he has created an enduring legacy.”

The SMA board says it has begun a global search for Daniels’ replacement.

The outgoing CEO said it was the “right time for me to hand over to someone new”.

“It’s important to ensure we continue to inject new energy and idea to keep Adelaide Oval ahead in what is a very competitive environment,” Daniels said.

“I’m looking forward to what is promising to be an exciting next six month and to helping the next CEO to continue the Adelaide Oval success story.”