Ronald Slaats has stepped down as chief executive of De Lage Landen due to "a difference of opinion" with the firm’s board.
Slaats joined the Rabobank-owned global lessor in 1986 and became chief executive in June 2009.
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His responsibilities will be shared among the existing board members while a successor is sought.
Berry Marttin, a member of supervisory board of De Lage Landen, said: "A difference of opinion between Mr Slaats and the supervisory board about how to conduct the daily business operations of De Lage Landen has resulted in Mr Slaats resigning from his responsibilities as CEO.
"We will try to announce his successor shortly. We have full confidence in the leadership of De Lage Landen. The supervisory board thanks Mr Slaats for his contribution to the growth of De Lage Landen."
The Netherlands-headquartered firm reported a 365m net profit in 2012, a 19% increase on the previous year and the fourth successive year of profit growth.
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By GlobalDataSlaats is currently vice-chairman of Leaseurope.
