In his address at the party's annual conference on Saturday, Adams said this will be his last year as its leader and that he will not be a candidate in the next elections, Efe news reported.
"Leadership means knowing when it is time for change and that time is now."
Adams noted that the party will hold a special meeting next year to elect his successor.
Adams, 69, a member of the Irish Parliament for Louth County, has been the President of Sinn Fein since 1983.
"I have always seen myself as a team player and a team builder."
Sinn Fein has achieved solid progress in the Republic of Ireland, according to the latest opinion polls.
Mary Lou McDonald, 48, is considered the clear favourite to take Adams's place.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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