The Arsenal chief has been with the North London club since 2010 and joined the commercial department initially.
He worked his way up through the ranks and was appointed to his current role in September 2020.
He also represents Arsenal on the board of the European Club Association, a role which he resigned during the Super League saga.
“This was a tough decision, but it is time to pursue another challenge,” Venkatesham said. “Now is not the time for goodbyes as I remain focused until my last day and supporting a seamless transition.”
The club’s chairman Josh Kroenke also thanked Vinai for his efforts in his lengthy association with the club.
“The board is fully supportive of Vinai’s desire to pursue his next challenge,” he said. “Whilst it is business as usual with everyone focused on the season ahead, we’d like to take this moment to thank him for his contribution and long service. Vinai will always be part of the Arsenal family and always welcome back at Emirates Stadium.”
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