Mayor Michael Bloomberg says the head of New York City’s Taxi and Limousine Commission has decided to leave the job for the private sector.

Matthew Daus has served two terms, since September 2001.

Bloomberg made the announcement Friday during his weekly radio show. He said Daus will remain in the job until his replacement is found.

In addition to working in the private sector, Daus also will become a distinguished lecturer at the City University of New York’s Transportation Research Center.

During his tenure, Daus introduced GPS, credit card processing and new fuel efficiency rules to the city’s more than 13,000 cabs.

Daus said it was a privilege to lead the TLC “during some of its most challenging and formative years.”

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