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A recent run of poor form has seen the 35-year-old Finch average just 3.7 runs, including three ducks, since scoring 62 runs against Sri Lanka in an ODI in June.
Cricket Australia said in a statement on Saturday that Finch will continue to captain Australia’s Twenty20 side and will lead it in defence of its world title when the T20 World Cup is played in October and November in Australia.
”It has been a fantastic ride with some incredible memories,” said Finch, who played 145 ODI matches, 54 as captain. ”I have been extremely fortunate to be a part of some brilliant one-day sides.
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Finch’s decision leaves Australia searching for a new one-day captain ahead of next year’s World Cup in India. Australia Test skipper Pat Cummins previously indicated he does not want to captain the ODI side.
”Being a bit over 12 months out from the 50-over World Cup, I thought the timing was right now,” Finch said at a later media conference. ”I could have tried to play another series — the series against England post-World Cup — and that would have been a bit of a fairytale finishing at the MCG. But I think that’s never been my style to be self-indulgent in any kind of way.” Australia has already clinched the three-match ODI series against New Zealand ahead of Sunday’s final match in Cairns, north Queensland state, after winning the first two matches.