Updated on 23 January 2013
"Under David's leadership, the company has grown to be regarded as Australia's leading university technology transfer organisation, with an enviable reputation overseas.
"However, we understand his decision to embark on a new career and to utilise his experience and skills as a non executive director and in the internet space. We wish David every success in pursuing his new roles," Dr Hillyard said.
The UniQuest board will appoint an acting CEO from February 15, and engage an executive search company to help recruit a new managing director.