Hill, who joined in 2003 from his role as commercial director of Wembley Stadium, has also negotiated record-breaking deals with domestic and overseas broadcasters.
His association with the FA dates back to 1994, when he joined as commercial director of Euro 96. An FA spokeswoman could not confirm Hill's future plans. However, he will continue to act as a consultant to the FA while on gardening leave.
The FA is poised to officially unveil its sponsorship model to run from 2010 to 2014. It has previously sold sponsorship of its core properties - the England team, the FA Cup and grass-roots football. The new model also adds Wembley Stadium sponsorship to its remit.
Under the new structure, the FA is seeking its first betting partner and a presenting partner for the national stadium.
The governing body is currently in negotiation with leading partners, such as England team sponsor Nationwide, and is seeking a replacement for E.ON, which is to end its sponsorship of the FA Cup at the close of the season.
Meanwhile, the FA announced today (Wednesday) that Carlsberg has agreed a new four-year sponsorship spanning the England team, FA Cup and Wembley Stadium. The lager brand is also now the FA's Official Referees Partner.
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