"NZC is in a secure financial position with a solid balance sheet and long-term commercial agreements in place," he said in a statement. "The BLACKCAPS are strong; women's cricket is healthy, our high performance programme is producing excellence, and the community game is stable. It feels like the right time to step aside."
"David's legacy has been immense," Snedden, now serving as NZC board chair, said. "Our high performance systems have never been stronger, our cricket network has a level of financial security and stability never before experienced, and the future for women and girls has never been brighter.
"David's commercial acumen has driven revenue, enabling increased investment across the organisation. His administrative skills have unearthed unique, bespoke solutions for our high-performance programmes and infrastructure - no better illustrated than in the all-weather, turf-based training facilities now located throughout the country."
White, a former Test cricketer, had also served as chief executive of Auckland Rugby and, before that chief executive of Wellington Rugby before taking up the NZC role.
"Under David, cricket in New Zealand has become far more inclusive, especially in regard to women and girls, our tangata whenua, and our Pasifika communities," Snedden added.
"When you think of how he navigated the Covid-19 pandemic, preserving the integrity of the community, domestic and international game, and his strong influence at ICC level, it makes you realise just how lucky we've been to have him at the helm."