In poor form recently, the 35-year-old Finch has averaged just 3.7 runs, including three ducks, since scoring 62 runs in an ODI against Sri Lanka in June.
Cricket Australia said in a statement on Saturday that Finch will continue to captain Australia’s Twenty20 team and lead it in defense of their world title when the T20 World Cup is played in Australia in October and November.
“It has been a wonderful ride with some incredible memories,” said Finch, who played 145 ODIs as captain. “I have been extremely fortunate to be part of some wonderful one-day teams.
“The time has come to give a new leader the best opportunity to prepare for and win the next World Cup. I thank everyone who has helped and supported me in my journey to this point.”
One of the most damaging openers in the world, when at his best, Finch has scored 5,401 runs in the ODI format and averages close to 40, including 17 centuries. But he failed to cross 20 in his last seven innings and his continued place in the team was in doubt.
Finch’s decision left Australia looking for a new one-day captain ahead of next year’s World Cup in India. Australia’s Test captain Pat Cummins had earlier indicated that he does not want to captain the ODI side.
Australia have already won the three-match ODI series against New Zealand in Cairns, North Queensland state by winning the first two matches.
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