Renew Adelaide CEO Tim Boundy will step down from the role after almost five years, with Head of Property Andrew White to take up the top job from March 29.
Boundy came to Renew after three years with the Adelaide Convention Bureau following two years with the InterContinental Hotels Group.
He said he was leaving to spend time with his family and would look for a new position once White had transitioned into his new role.
"My second child is due in April and so that is a natural break for me to step away, especially with Andrew in the team being ready-made to take over as CEO," Boundy told InDaily.
White, who has been with Renew Adelaide since 2018, is also the Leasing Executive with Maras Group and will split his time between the roles.
The property leader is also the Co-founder of real estate photography and design company May Media.
In a statement, Renew Adelaide Chair Nick Begakis thanked Boundy for his leadership.
“Over Tim’s time Renew Adelaide has grown its economic and community benefit to the city by over 60 per cent,” he said.
“Andrew has been an integral part of this success, and we are confident that this will continue under his leadership.
“Andrew’s knowledge and relationships with the property industry and working closely with new ventures over the past three years provides the solid foundation to respond to the current challenges facing Adelaide, and cities globally.”