Hudak easily retained his seat in Niagara West-Glanbrook, but his party failed to win enough seats to form the government.
Hudak made waves in the 40-day election campaign with his controversial pledge to cut 100,000 public sector jobs to help balance the province's books by 2016 — a year earlier than his opponents pledged.
The promise was part of his plan to create one million new private-sector jobs over eight years.
His platform came under fire from a number of economists who questioned the math behind his job projections, but Hudak stood by his figures and said he was the only party leader being honest with voters about what the province needed.
Hudak was first elected to the provincial legislature at the age of 27 in the 1995 Conservative sweep that ended Ontario's only NDP government.