The move comes on the heels after the Packers announced that Thompson was out as the team's general manager. The Packers also said they will begin an "immediate search" for their next general manager.
"It's been a great honor to serve as the Green Bay Packers' general manager for the past 13 years," Thompson said in the statement. "I look forward to supporting this team in my new role as we strive to win another championship."
Packers president Mark Murphy was appreciative of the 64-year-old Thompson, who has been in charge of the Packers' football operations since 2005.
In that time, the Packers reached the playoffs nine times in 13 seasons and won Super Bowl XLV. Green Bay reached the postseason every year between 2009-2016 -- one season shy of the NFL record -- before having that string snapped after this year's 7-9 campaign.
Thompson's first-ever draft pick was quarterback Aaron Rodgers in 2005. He also hit home runs with players like wide receivers Jordy Nelson and Greg Jennings, offensive linemen David Bakhtiari, T.J. Lang and Josh Sitton, linebacker Clay Matthews, defensive lineman Mike Daniels and safety Nick Collins.
In 2011, Green Bay went an NFL-best 15-1 in the regular season, but lost its first playoff game. In 2014, the Packers led Seattle, 19-7, with three minutes left in the NFC Championship Game, but eventually lost on overtime.
Green Bay also lost overtime playoff games in 2007, 2009 and 2015.
The Packers finished 125-82-1 under Thompson (.603) in regular-season games and were 10-8 in the postseason. Green Bay also went to four NFC Championship games under Thompson and went 1-3 in those contests.
"I want to thank Ted for his tireless efforts as the general manager of the Green Bay Packers for these past 13 seasons. Under his guidance, the Packers enjoyed a remarkable run of success, one that included our 13th world championship, four NFC Championship appearances and eight consecutive postseason berths," Packers president Mark Murphy said in a statement Tuesday.
"On a personal note, Ted's work ethic, humility and loyalty are nearly unparalleled, and it has been one of the great honors of my life to work beside him."
The Packers have a handful of in-house candidates that could be ready to take over for Thompson in the role of general manager. That list includes Russ Ball, the Packers' vice president of player finance; Eliot Wolf, the director of football operations; and Brian Gutekunst, the director of player personnel.