Rugby Australia boss Andy Marinos has announced his shock resignation and is set to depart the role next month.

Just days after the governing body reported an $8.2 million surplus, with Marinos earning praise for his work in putting the embattled organization back in the black, the chief executive officer has notified staff of his decision to leave.

RA confirmed the news Monday, saying Marinos wanted out to “pursue new opportunities.”

Despite the Rugby World Cup kicking off in France in less than four months, Marinos said he felt the timing was right for a change.

“The foundations have been established, and the business is now well-prepared to test the market for private equity investment, making it the right time for me to move on,” he said in a statement. “Importantly, I will leave with the knowledge that RA is in a stronger position than when I joined, and proud of what has been achieved in my tenure as CEO.”

South Africa-born Marinos joined RA in February 2021 from SANZAAR, with the code in Australia ravaged by the commercial and operational impacts of COVID-19.

He steered the organization from a $27.1 million loss in 2020 to an $8.2 million in profit in 2022, announced at last week’s AGM.

As well as financial security, Marinos helped RA win hosting duties for the men’s 2027 Rugby World Cup and the women’s edition two years later.

RA chair Hamish McLennan thanked Marinos for his contribution.

“We asked Andy to draw upon his impressive career experience and extensive global relationships to re-establish rugby as a leading code in Australia – he has delivered on this and been fundamental in the turnaround of the business,” McLennan said in a statement.

“Andy will leave RA having delivered several key projects, including the finalization of the 2027 and 2029 Rugby World Cups, locking in the 2025 British and Irish Lions Tour, planning for a new contracting model for the professional game, implementation of strategy to professionalize Women’s XVs Rugby and a new four-year collective bargaining agreement for our professional men’s and women’s players.

“On behalf of the board, I would like to thank Andy for his contribution to RA. We wish him well with his future endeavors.”

Wallabies coach Eddie Jones made no mention of Marinos during a Bledisloe Cup media opportunity in Melbourne earlier Monday.

Marinos will remain at RA until mid-June to assist with the transition of his role.

The recruitment process is underway, with RA board director and former Wallabies flanker Phil Waugh a possible internal candidate.