Pete Lawrence, co-founder of U.K. festival and events company the Big Chill, has resigned as a director and shareholder after 14 years.

Lawrence was the artistic programmer of the events company, which has also expanded into a record label and London venues with the launch of the Big Chill Bar and Big Chill House. The Big Chill also launched in Goa last year on Aswem Beach.

The original U.K. festival launched in 1994 and has grown into a 35,000-capacity event in Herefordshire, featuring a line-up of acts ranging from dance, folk and jazz to hip-hop, world music and ambient. It gave early exposure to dance acts including Zero 7, Goldfrapp and Royksopp, as well as blues artist Seasick Steve.

"For 14 years I feel as if I've been on a mission to create something personally fulfilling, but it is the wider cultural context which interests me even more," says Lawrence in a statement. "There is no greater reward than seeing how peoples' lives have been affected due to chance meetings at Big Chill events, and one of our most important roles has been as a platform and catalyst for that."

Lawrence, who says his decision was partly prompted by his recently turning 50, adds that his "restless" spirit will ensure he continues to explore new directions. He will remain as a consultant with the Big Chill.