Mr Doctoroff became Bloomberg LP president in 2008 and CEO in July 2011. During that period, the company's revenues increased from $5.4bn to more than $9bn, according to a memo to the company's employees.
"So why have I decided to leave now?," Mr Doctoroff said in the memo. "Simply put, while Mike never intended to come back full time, after he left City Hall and started to get to know the company again, he rediscovered what an exciting and incredible place this is. So he naturally wanted to be more involved."
Mr Doctoroff, 56, a former New York deputy mayor, told the New York Times that he informed Mr Bloomberg two weeks ago that he intended to resign. Mr Bloomberg encouraged him to stay.
"This wasn't the plan," Bloomberg told the Times. "It was his idea. If it was up to me, he would have stayed."
Mr Bloomberg started the company in 1981, using a $10m severance package he received after he was laid off after investment bank Salomon Brothers had been acquired. He had headed equity trading at Salomon.
During Mr Doctoroff's tenure at the company, the numbers of subscriptions for its terminals have grown from 273,000 to 321,000, the company said in a statement. The company expanded from providing financial information to markets for legal, government and alternative energy information.
Mr Doctoroff stressed he was not leaving for another opportunity, but would focus more of his time on non-profit activities. He also accepted Mr Bloomberg's invitation to join the board of the Bloomberg Philanthropies, the former Mayor said in the statement.
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