Hobbs's departure is latest blow to Renua
Former TV personal finance guru, Eddie Hobbs, has resigned as Renua president and has left the struggling party entirely.
Mr Hobbs, who founded Renua along with former minister Lucinda Creighton, says it needs to reposition itself as a liberal democrat party.
But with his departure, Renua's future is left in serious doubt.
The party has no Oireachtas representation after Lucinda Creighton, Billy Timmins, Terence Flanagan and Senator Paul Bradford all lost their seats.
Offaly Councillor John Leahy remains a member of the party.
Mr Hobbs just last month participated in a meeting in Portlaoise that reviewed the party's disastrous election.
Mr Leahy gave a presentation on the membership's views on why the party failed to capture the public's imagination. Members blamed a lack of internal communication, flawed candidate selection and failure to explain Renua's flat tax proposal to the public for the election wipe-out.
There is reportedly a push from within the senior ranks of Renua to "shake off" all associations of being an orthodox or conservative Catholic political organisation. It is hoped the re-brand will attract a new leader from outside the party who is currently a serving national politician.
Former Progressive Democrat leader and recently elected Senator Michael McDowell was named as someone who would be an ideal candidate to take on the leadership. However, he said last month he has not been contacted by the party.