Nick Griffin has stepped down as leader of the BNP, its website has reported.
It said Mr Griffin had been replaced as acting chairman by Adam Walker following a meeting of the party's national executive committee.
Mr Griffin, who will take the new role of party president, lost his seat in the European Parliament in May.
The party has suffered a string of electoral setbacks in recent years, getting just over 1% of the vote in May's European elections.
The BNP has also lost the majority of its local council seats in England.
Mr Griffin has been the public face of the BNP for more than a decade. The party won more than 6% of the vote in 2009's European elections but has seen its fortunes decline since then.
Mr Griffin, who was declared bankrupt earlier this year, failed to secure re-election as MEP for the North West of England.
The BNP published a statement on its website announcing the change at the top.
"Recently appointed deputy chairman, Adam Walker, has accepted the role of acting chairman of the British National Party after Nick Griffin stepped aside at a meeting of the BNP National Executive held on 19 July.
"The full national executive are united in their support for Adam in this role. Nick Griffin has taken up the position of president."
Griffin 'steps aside as BNP leader'
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