Swimming Australia has announced it has accepted the resignation of Chief Executive, Kevin Neil.


Swimming Australia's newly elected President, Barclay Nettlefold, thanked Mr Neil and congratulated him on his four years of 'dedicated service'.


“Under Kevin’s leadership, Swimming Australia increased its revenue by 40% and instigated several new developments such as the BHP Billiton Aquatic Super Series involving China and South Africa in Perth," Mr Nettlefold said.


Mr Neil accepted that his 'mutually agreed upon departure' came as a result of the recent results of the 2012 London Olympics.


“Following the below expected results at the London Olympic Games, swimming is now undertaking various reviews to set the new course for the future and it is therefore appropriate to step aside to allow the sport to progress to its next exciting phase," Mr Neil said.


Mr Nettlefold said that Swimming Australia would now commence a search for a new CEO, while Board member, Jeremy Turner, would serve as interim CEO for the duration of the search.


Mr Neil has served on the Board of Swimming Australia prior to his appointment as CEO in 2008.