Former chairman Gianni Paladini's eight-year association with QPR has ended after he agreed to leave the club by mutual consent.
Paladini's departure had been prompted following Tony Fernandes' takeover in August. The 65-year-old stepped down as chairman following the Malaysian airline entrepreneur's arrival and had since been acting in an advisory capacity before today's decision.
''Former QPR chairman Gianni Paladini has left the club by mutual consent,'' a statement from the club read.
Paladini helped lead QPR back into the Premier League this season and admitted he would leave with fond memories of his time in west London.
''QPR will always be very close to my heart and I am extremely proud to see the team playing in the Premier League,'' he said. ''I wish the club, players, staff and fans all the very best for the future.''
QPR CEO, Philip Beard, said: ''On behalf of everyone at the club, I would like to thank Gianni for his contribution to Queens Park Rangers over the years.
''He has gone beyond the call of duty in his time here and in more recent times, played an integral role in our return to the Premier League, as well as assisting the football management team with the acquisition of some key players.
''He will always be welcome back here to support the team and we wish him every success for the future.''