Holmes announced his intentions citing the creation of a conflict of interest with his full-time post as managing director of sports agency SFX Sports Group.
Holmes was appointed chairman only two months ago when the consortium bid that took over the club led it out of administration.
Leicester City have already won promotion back to the Premier League this season only one year on from being relegated from the top flight.
Jon Holmes is to step down as director and non-executive chairman of newly promoted English soccer side Leicester City at the end of the season.
