Singapore: UniQuest's Managing Director Mr David Henderson announced his decision to move into non-executive directorship roles.

The head of one of Australia's largest and most successful university research commercialization companies will leave UniQuest next month to develop his directorship interests and pursue innovation in the internet space.

"With four careers behind me, I am looking forward to a few more new challenges before I take down the shingle," said Mr Henderson.

"I'm very proud of what we have accomplished at UniQuest, and it has been an absolute privilege to work with the UniQuest team. I am very confident that the company will continue to go from strength to strength in the years ahead, and with the strategy for the company's next five years taking shape now, it makes a lot of sense for that plan to be taken forward by a new MD," Mr Henderson said.

UniQuest Chairman Dr Carrie Hillyard said Mr Henderson's contribution over the past 16 years to UniQuest and the research commercialization sector in Australia has been significant.

"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.