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De Savary, who took over as chairman from Theo Paphitis earlier this year cited personal reasons for his decision.
"Due to a change in circumstances, I shall be spending the majority of my working time overseas and cannot, therefore, continue with the responsibilities as a Director of Millwall Holdings PLC," he revealed in a statement to the stock exchange. "I am delighted to have recruited earlier this year Heather Rabbatts CBE, who I am confident will effectively assume the leadership role as Executive Chairman of Millwall Holdings PLC.
"I shall continue to hold my shares as a long term investor. I wish Millwall every success in both its football ambitions and in its unique opportunity of urban property regeneration which is progressing extremely well ."
Stewart Till will continue in his role as Chairman of the football club.