According to a press release Peter Dengate Thrush is stepping down as a Director of Top Level Domain Holdings (TLDH) at the end of January 2013

“”The Board of Directors of TLDH announces that Peter Dengate Thrush, the executive chairman, intends to step down as a director of TLDH at the end of January 2013.  ”

Peter Dengate Thrush will remain as an adviser to some of the Company’s gTLD clients.

“”The Board of TLDH is very grateful to Peter for his substantial contribution to the development of the Company and his guidance during the critical new gTLD application phase.Under Peter’s leadership, the Company has successfully developed a portfolio of 92 gTLD applications on behalf of itself, its clients and co-venturers, raised substantial capital from both its existing capital base and from new investors and Peter was instrumental in guiding and negotiating the contract with dot London, one of the most anticipated and valuable new gTLDs in the current gTLD round.””

Peter Dengate Thrush said:

“I am grateful for the opportunity to have worked with TLDH and its Board through an historic phase in the growth of the domain name industry. The company is now in a strong position to move forward to the next phase of its programme as gTLDs are implemented.”

Fred Krueger, a current director and former Chairman, will resume the role of Chairman following Peter’s departure.