Sepp Blatter says he will resign as president of football's governing body Fifa amid a corruption scandal.
In announcing his exit, the 79-year-old Swiss has called an extraordinary Fifa congress "as soon as possible" to elect a new president.
Blatter was re-elected last week, despite seven top Fifa officials being arrested two days before the vote as part of a US prosecution.
But he said: "My mandate does not appear to be supported by everybody."
He added: "The next ordinary Fifa congress will take place on 13 May, 2016 in Mexico City.
"This would create unnecessary delay and I will urge the executive committee to organise an extraordinary congress for the election of my successor at the earliest opportunity.
"This will need to be done in line with Fifa's statutes and we must allow enough time for the best candidates to present themselves and to campaign."
The extraordinary congress is expected to take place between December 2015 and March 2016.
Fifa was rocked last week by the arrests on charges of racketeering, wire fraud and money laundering as part of a US prosecution that also indicted 14 people.
A separate criminal investigation by Swiss authorities into how the 2018 and 2022 World Cups were allocated is also under way.
"I am very much linked to Fifa and its interests. Those interests are dear to me and this is why I am taking this decision," added Blatter.
"What counts most to me is the institute of Fifa and football around the world.
"I have thoroughly considered and thought about my presidency and the last 40 years in my life.
"These years were closely related to Fifa and the wonderful sport of football. I appreciate and love Fifa more than anything else.
"I only want to do the best for Fifa and my institution. I decided to stand again as the best option for football. The elections are closed but the challenges we face haven't come to an end."
The latest allegations of corruption against Fifa involved reports claiming general secretary Jerome Valcke was responsible for an alleged $10m (£6m) payment of bribes over South Africa's bid to host the 2010 World Cup.
Follow this link for live reactions
Latest Stories
-
Metro TV incident: Randy Abbey explains what happened
3 mins -
From reactive to proactive: How data-driven insights are redefining risk assessment in insurance – Coronation Insurance
8 mins -
I was advised to do drugs so I could go wild on stage – Safo Newman
18 mins -
Our officers escorted bailiff, judgment creditor to execute court order at Metro TV – Police
19 mins -
It’s always been my dream to do music from tertiary – Safo Newman reveals
29 mins -
GFA announces one-week competitions break for general elections
32 mins -
Participate actively in December elections – Akufo-Addo tells Ghanaians
35 mins -
Ministry of Education intensifies campaign against sexual harassment in schools
1 hour -
Engage the media further about directive restricting access to collation centres – Prof Gyampo to EC
1 hour -
NDC will work with queen mothers to fight poverty – Prof Opoku-Agyemang
1 hour -
NPP running mate slot more dignifying than ‘Pragia’ ride to 4th place – NEIP CEO mocks Alan
2 hours -
Black Sherif’s Zaama Disco to make explosive return to Untamed Empire on December 21
2 hours -
Arsenal fan gets 3-year ban and £260 fine for online abuse of Thomas Partey
2 hours -
Your request to recall Parliament is declined – Bagbin to Afenyo-Markin
2 hours -
NDC MPs will not answer parliamentary recall – Mahama insists
2 hours