For the past six years, it had been organised by Radio Works' Gary Watling but after last year's parade and just before Christmas, he told the Waitaki District Council it would be his last.
He described his role as "a committee of one" and said he was stepping down because of the time organising the parade took and fears over personal liability.
Earlier this month, , the council announced that Port FM would take on the 2012 parade.
Community services group manager Thunes Cloete had recently been approached by Anton Roswell, Port FM manager, and was happy to pass on the responsibility for organising the Santa Parade to the radio station.
"Port FM have a successful track record with community events, including the recent birdman competition, Valentine's Day promotion and Oamerican Car Show," Dr Cloete said.
Mr Roswell said he had a vision to make this year's Santa Parade a huge spectacle for the entire community, young and old.
He would be contacting local businesses for their support, including restoring the Santa sleigh and would be discussing logistics with Waitaki event development officer Jan Kennedy.
"I'm excited that this signature community event will continue," said Dr Cloete.
