Kevin Mayer has left his role as the chairman of sports streaming service, DAZN Group, following the completion of his two-year contract.

In a statement, DAZN said Mayer departed on 1 March, with his departure also including an exit from the board of directors which is in line with the original agreement.

Commenting on his departure, Mayer, said: “Extraordinary progress has been made over the last two years.”

“The business is in great shape and is well positioned to become the true global home of sport.

“It has been an honour to be part of the journey and I look forward to watching DAZN continue to thrive.

“I leave knowing the business is in very capable hands,” he said.

On Mayer’s work at the company, DAZN CEO, Shay Segev, said: “Kevin has been a fantastic support and counsel during a period of rapid transformation for the business.”

“I am personally grateful for his invaluable contribution and speak for all DAZN management when I wish him the very best in his other endeavours.

“DAZN continues to go from strength to strength as we fast become the ultimate destination for sports fans globally,” Segev said.

Access Industries chief executive and DAZN director, Lincoln Benet, added: “On behalf of Access Industries and the DAZN Board, we want to thank Kevin for his Chairmanship and support of DAZN’s management over the last two years.”

“It has been a period of tremendous progress and, as the business’s principal shareholder, we are extremely confident in the talent and ambition of DAZN’s people, vision and strategy.

“We wish Kevin every success in his other ventures and are pleased he will remain a friend and shareholder of DAZN as it continues on its positive trajectory,” Benet said.

The news comes after DAZN secured to the Japanese Formula 1 broadcasting rights.