Graham Taylor has stepped down as non-executive chairman of Watford.
The former England manager was appointed to the role in January 2010 after a brief stint as interim chairman but, with the Championship outfit now in a stable position both on and off the pitch, he has opted to stand aside.
However Taylor will remain as life president.
He told the club's official website: "Having accepted the position of non-executive chairman after being interim chairman, I have always made it clear I never felt this to be something for the long-term."
He added: "I'm about to head off to the Euros as part of the BBC commentary team and then away on private holidays. This not only highlights the lack of time I now have to devote to the Watford chairmanship but also provides a natural break for the club to plan ahead."