Black Caps coach John Wright is to step down from the role after the West Indies tour in August.
New Zealand Cricket announced on Tuesday that the former test opener has declined an offer to extend his contract.
Chief executive David White says New Zealand Cricket is disappointed to lose someone of Wright's calibre.
He said they were keen to see the head coach continue in his role but understand and respect his decision to look for another challenge.
Wright says that while he and director of cricket John Buchanan have a very different coaching style, this is not the reason for his decision not to renew his contract.
He says it is too early to look at other international coaching roles and won't reveal what he intends to do next.
John Wright says he appreciates the offer to extend his contract but after much consideration he feels it's the right time to move on and look at other opportunities.
He has been in the job since late 2010.