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The UK's European Commissioner Lord Hill is to stand down, saying "what is done cannot be undone" after the UK voted to leave the European Union.
He said he did not believe it was right for him to carry on with his work as the commissioner in charge of financial services.
But he will stay on for a period of weeks to ensure an "orderly handover".
A close ally of Prime Minister David Cameron, Lord Hill had argued for the UK to remain in the EU.
He will be replaced by Latvian politician Valdis Dombrovskis, currently European Commissioner for the euro.
Lord Hill's announcement comes as EU foreign ministers urged Britain to hold speedy talks on leaving the bloc, after it voted to end its membership on Thursday.
He said he did not believe it was right for him to carry on with his work as the commissioner in charge of financial services.
But he will stay on for a period of weeks to ensure an "orderly handover".
A close ally of Prime Minister David Cameron, Lord Hill had argued for the UK to remain in the EU.
He will be replaced by Latvian politician Valdis Dombrovskis, currently European Commissioner for the euro.
Lord Hill's announcement comes as EU foreign ministers urged Britain to hold speedy talks on leaving the bloc, after it voted to end its membership on Thursday.
