Whanganui and Partners has lost "valuable insight and experience" with the resignation of board director and chairman Myles Fothergill.
Fothergill will step down from his role with the economic development agency and focus on his own business and family commitments instead.
"As the Whanganui Port Revitalisation Project gains momentum, I want to be able to focus on my future aspirations for my company, Q-West Boat Builders, and in that capacity to pursue economic growth opportunities for the port and indeed the wider business community."
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Fothergill said he's proud to be leaving Whanganui and Partners in good hands.