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.
Buchan School could become 85 homes under new plans
Flood defence plans scrapped after five planning objections
TT food van needed for trackside car park
Northern roadworks to hinge on Mountain Road reopening
Beer festival to return this week
Dublin to sign friendship agreement with Douglas in summer
Total of 35 properties on council's dilapidated list
Equipment being sold off from popular former bar