The party failed to secure a single seat in the general election
Lucinda Creighton has stepped down as the leader of Renua. She made the announcement at a members' meeting in Portlaoise today.
Renua was set up 18 months ago when Creighton, Eddie Hobbs and Cllr. John Leahy announced to the country their intention to start a new political party.
The party ran 26 candidates in several constituencies in the general election, but were unable to secure a single seat.
The former leader lost her seat in Dublin Bay South, having served as a member of Dáil Éireann since 2007.
Speaking to her colleagues today she said: "I did not imagine I would be departing the political stage as early as this, but democracy is a humbling experience.
"This has been a remarkable journey that did not end the way any of us would have liked or envisaged, but is one I am extremely grateful for those who made it possible, and the supporters and members across the country who shared in our common ideals", she said.
"It's time for me to move on from leading Renua Ireland and allow new voices to be heard".
Speaking to Newstalk, former deputy leader of Renua Billy Timmins said she is a "tremendous loss" to the party and that he hopes she will "return to politics in some capacity" in the future.