Hamilton, who has been in his role with the Bombers since 2008, will remain at the Club until the end of the year in a Player Contracting and Assurance Role.
Essendon CEO Ian Robson said he was pleased Hamilton would complete the year to ensure a smooth transition for both parties.
“It is disappointing that Paul will be leaving us but we appreciate that he has made a decision to further develop his career and explore other opportunities,” Robson said
“We are pleased Paul has agreed to stay with the Club for the upcoming free agency, trade and draft periods to oversee important TPP and player contract matters.”
“In his time at Essendon, Paul has played an integral role in building the playing list and overseeing many important changes to the club’s football program and operations. He has been able to apply both football and commercial nous to his role.”
“I wish to thank Paul for his professionalism and the outstanding contribution he has made to the Club.”
Hamilton said the time is right to move on at the end of the year.
“I’ve been considering my future for some time and have made what I think is the right decision for me,” Hamilton said.
“I have a long standing relationship with the Essendon Football Club, including as a player, and have made many lifetime friends.”
“It’s been enjoyable working with the players, coaches and staff in recent years and I wish James Hird, Jobe Watson and the entire Club every success in the future.”
Essendon CEO Ian Robson confirmed People and Development Manager Danny Corcoran has been appointed the new General Manager of Football Operations.
“Danny brings a wealth of experience to the role and is looking forward to taking on this exciting challenge,” Robson said.
“I am certain he will play a significant part in contributing to the success that all of us are committed to delivering to our supporter base in the coming years.”