Greg Swann is stepping down as chief executive of AFL club Carlton after seven years in the role.

Swann will officially vacate the job at the club’s 150th anniversary function next month, when Stephen Kernahan will be replaced as president by Mark LoGiudice.

Swann said the decision to resign was difficult, although it was the right call for himself and the club.

“This football club has been a fantastic place to be a part of, but I feel that after seven years, the timing is now right for me to look to the next challenge,” said Swann, who also spent seven years as Collingwood CEO before joining arch-rivals Carlton.

“I’m confident I’m leaving the club a better place than when I started and, by announcing it now, it will give the incoming regime an opportunity to hand pick a new CEO to take the club forward.”

Swann has been linked to the vacant CEO’s position at the Brisbane Lions.

Swann has long been close to Carlton coach Mick Malthouse, working alongside him at the Magpies and the Blues.

“I want to thank the board of directors, especially president Stephen Kernahan for his support, along with the late Richard Pratt, who was a terrific mentor, and instrumental in bringing me to Carlton,” Swann said in a statement.

“I must also acknowledge Michael Malthouse and the playing group, along with my dedicated administration team, for all their passion and hard work in what has been a very rewarding experience.

“Together, we’ve helped put this great football club back on the right path.”

Kernahan said Swann would leave a lasting legacy at Carlton.

“He is a sound financial manager, a passionate leader and a person who thinks outside the square to deliver results,” said Kernahan.

“We are indebted to Greg for what he has done for our club, and wish him all the very best for more success in the future.”

LoGiudice will oversee the search for a new CEO.