Cooper founded On the Beach in 2004, which is now licensed to carry more than 1.8 million Atol-protected passengers a year, just pipping its major rival Loveholidays.
He told TTG: “I remain a significant shareholder, I’m not going anywhere.”
Cooper will take up a new role as non-executive founder director retaining an active involvement in the business.
Cooper said he would do “a bunch of different things” after stepping down from his full-time role. “Covid has given us all an opportunity to think what we would do if we weren’t in an office five days a week. I might pick up a number of non-executive directorships and travel a bit more.”