Commercial director Paul Hunt is set to leave Leicester to become deputy chief executive at Blackburn.
Hunt has been with the Foxes for the past year but will take up his new role at Ewood Park, which will include a seat on the board, next month.
A statement on Leicester`s official website said: "An announcement about the structure of the club`s commercial operation moving forward will be made in due course.
"The Leicester City board of directors would like to place on record their appreciation for Paul`s hard work during his time with the club and wish him every success in his new venture."
Hunt has a decade in commercial football management at Premier League level during spells with Bolton and Wigan.