Queensland Rugby Union chief executive Theo Psaros has announced he is standing down from his position.

Psaros will continue on with the QRU in a consulting role until his departure becomes effective early July.

Psaros, who is looking at returning to the commercial sector, said he intends to continue working with the Reds in a consultancy basis.

"The beauty of it is that I am going out on my terms," Psaros told AAP.

"The time is right. There's a new board, a new coach and I thought it was time for a new person in the role."

Queensland, yet to re-sign any of its 19 off-contract players, is also braced for another key 2006 figure to jump ship with Julian Huxley heading to the Brumbies on a two-year contract.

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