Elliott, who has spent 11 years at the firm, will stand down on 31 January 2010.
Rooney Anand, chief executive of Greene King, said: "In the 11 years that he has been here, David has made a significant contribution to Pub Partners both in terms of growing profitability and the size and quality of the overall estate.
"I would like to extend my sincere thanks and best wishes from everyone here at Greene King and wish him all the best for the future."
Simon Longbottom, managing director of Gala Coral Group, will take over Elliott's role on 1 February 2010.
Longbottom has 11 years' experience in the pub sector, having started his career at Bass Taverns. He has since held senior positions at Mill House Inns and Mitchells & Butlers.
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