Out of form and with his spot in the side in doubt, Finch confirmed Sunday’s ODI against New Zealand would be his last in the format for Australia.
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However, he still intends to lead Australia’s charge in the T20 format, with Cricket Australia confirming he plans to lead the country in next month’s world title defence.
“It has been a fantastic ride with some incredible memories,” Finch said.
“I have been extremely fortunate to be a part of some brilliant one-day sides. Equally, I have been blessed by all those I have played with and the many people behind the scenes.
“It is time now to give a new leader the best possible opportunity to prepare for and win the next World Cup.
“I thank all of those who have helped and supported my journey to this point.”
Australia’s leader since 2020, Finch has played 145, with 54 of them as captain.
One of the most damaging opening batters in the world when at his best, he has made over 5000 runs in the format and averaged close to 40.
But those numbers have taken a significant hit in recent years, with Finch having failed to pass 20 in his last seven innings.
Finch’s decision leaves Australia searching for a new one-day captain ahead of next year’s World Cup, with Test skipper Pat Cummins previously indicating he does not want to lead the side.
Finch was integral to Australia’s 2015 World Cup triumph and he will be remembered as one of the country’s ‘white ball’ greats.