Prime Minsiter Abhisit Vejjajiva announced his resignation as leader of the Democrat Party on Monday morning.
The outgoing premier made the announcement after the Pheu Thai Party crushed his party in the 2011 general election yesterday.
"I've decided to resign because I could not led my party to a victory in the election," Mr Abhisit said.
The Democrat executive members will hold a meeting to select a new party leader within 90 days as the las required, he said.
Before the election, Mr Abhisit said he would step down as Democrat leader if his party won less seats than the previous general election.
The unofficial election result shows that the Democrats won 159 seats yesterday. In 2007, the party won 164 seats.
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