The Managing Director of Hovertravel is to leave the company after 15 years.
Neil Chapman has agreed to step down from the role later this year.
Last month saw news that the company was cutting its morning and evening services due to financial pressures.
Neil joined the company in 2010 and has overseen a myriad of changes, including the departure of the AP1-88 craft which were replaced with the more troublesome and controversial Flyer craft.
A statement from Hovertravel said:
"As part of its comprehensive commercial review, which evaluated all roles in the business, Neil Chapman and the Board of Directors have agreed that he will step down as the company's Managing Director.
"Neil will continue to work as MD for up to six months while he transitions his responsibilities to his senior colleagues.
"Hovertravel hugely appreciates Neil's dedication and commitment to the company over the past 15 years.
"We thank him for his continued efforts during this process and wish him all the best in the future."