Hedda Beeby is to step down as artistic and executive director of the Watermill Theatre in Newbury after seven years.
She became artistic director in 2007 will leave at the end of the year, with a recruitment process for her replacement beginning in February.
Beeby will continue at the theatre as an associate producer for a handover period once her successor is appointed.
She described it as a “privilege” to run the venue for the last seven years, but said it felt like a “good moment to hand on the reins to someone new, who can bring fresh ideas to this unique theatre community”.
“I’ve had a wonderful time living and working on site – I know there is no other theatre in the country that is able to make work within such a spirit of community and collaboration,” she added.
Andrew Tuckey, the chairman of the theatre’s board of directors, said Beeby had led the theatre from “strength to strength” during her tenure at the venue, adding that she had helped build its “reputation for artistic excellence”.
“She has fostered strong support for all those connected with the Watermill as well as building new partnerships with that rare combination of artistic vision and business talent,” he added.