Saracens have won the Premiership and Championship during Wray's tenure.

She said: "Now is the right time for a new adventure and to put myself and my family first, albeit this has been a difficult decision to make.

"I have been so honoured to be responsible for this incredible club.

"I have grown up with Saracens as part of me and I will never stop wanting the club to thrive."

The Wray family have been involved with Saracens since 1995, when Nigel Wray first invested in the club.

Lucy Wray took over the role in early 2020, not long after her father, Nigel Wray, stood down after 25 years of involvement at the club.

He resigned from his role of chairman and chief executive shortly after the Rugby Football Union announced Saracens had been found guilty of breaching the Premiership's salary cap in the previous three seasons, and would be relegated to the Championship the following year.

Edward Griffiths took over the role on an interim basis but stepped down after less than a month, with Lucy Wray replacing him.

The club won the Championship in their only season in the second tier, to secure promotion, and won the Premiership last season, beating Sale Sharks in the final at Twickenham.

The final match in Wray's tenure was Saturday's 40-22 victory over Exeter Chiefs, which moved them up to fourth in the Premiership table.

The news comes a week after Racing 92 announced the signing of England and Saracens captain Owen Farrell, who has played his entire professional career at StoneX Stadium.