The Institute of Directors is launching the hunt for a new East of England regional chairman, to succeed Chris Parkhouse who is standing down at the end of 2013.

Mr Parkhouse, managing director of Cambridge-based economic and business development consultancy Deyton Bell, announced his decision to step down at the IoD’s East of England Dinner, held in the city.

He said: “It has been my very great privilege and pleasure to have held leadership positions in the IoD for nearly 10 years, and I have enjoyed every minute, but all good things must come to an end and the time is right for change.

“I will stand down as chairman for the East of England at the end of 2013 and focus on Deyton Bell and my other commitments, including my other IoD activities.”

Mr Parkhouse, who is also a fellow of the IoD and a member of the IoD’s council and nomination committee, added: “The hunt is on for the next chairman of the IoD in the East of England. This important voluntary opportunity is open to all and I hope that suitably experienced leaders will consider the role.

“I would urge anybody interested to contact the IoD before October 31 2013 via email to lisa.johnson@iod.com. Interviews will be held in November and I hope to announce details of my successor before the end of the year.”

Simon Walker, the IoD’s director general, said: “Chris has devoted the best part of a decade to leading the IoD’s vital work in the East of England, helping us make the case for better businesses and a better business environment.

“Alongside his exemplary voluntary commitment he has built an impressive track record in business, and I’ve no doubt that he will continue to be a force in the region and in the wider business community. We were fortunate to have him as a regional chairman and I wish him the best for the future.”