The Douglas councillor says a change in culture has prompted his resignation.
His resignation as chair also means he will no longer sit on the executive committee.
Mr Pitts has served the board for more than 10 years, so what has changed?
Councillor Andrew Bentley succeeds Mr Pitts as chair.
Peel sewage works hits milestone
MHK to query gas buying for power generation
Yoga studio applies for sign permission
Yacht club worries over lifeboat retirement
One nuisance cyclist ticketed in more than three years
Huge floating book fair to arrive in Douglas next month
Stay safe for Hop Tu Naa tonight