Manchester United officially confirm exit of CEO Richard Arnold (MUFC) one

Richard Stewart who will take a new role as CEO talked about his new position.

Manchester United has officially confirmed that Richard Arnold has stepped down as CEO of the club. Patrick Stewart is set to move into the role on an interim basis.

British billionaire Sir Jim Ratcliffe was preparing to buy 25% of the club and Richard Arnold’s position had been called into doubt since this story.

A report claimed last week that Arnold would leave his role as CEO, and it has now been confirmed by the United. He has been working for the club since 2007.

Man United made an official statement which reads, “Richard Arnold has decided to step down as Chief Executive of Manchester United after 16 years with the club.”

“Patrick Stewart will take over as interim CEO, in addition to his existing role as General Counsel, with Richard continuing to provide transitional support until the end of December. A search process will be carried out for a new permanent CEO.”

Club executive co-chairman Joel Glazer spoke to the club’s official website: “I would like to thank Richard for his outstanding service to Manchester United over the past 16 years, and wish him all the best for his future endeavours.

“We are fortunate to be able to call on the deep knowledge and experience of Patrick Stewart to provide interim stability and continuity as we embark on a search for a new permanent CEO.”

Arnold also speaks on it: “It has been an incredible privilege to serve this great football club for the past 16 years. Through highs and lows, the constant has been the dedication of our employees and fans.

“I would like to thank all of them for their loyalty and commitment, and wish everyone associated with the club the very best for the future.”

Stewart who will take a new role as CEO talked about his new position, “Together with my leadership team colleagues, my job will be to ensure that the club’s foundations remain stable while we embrace changes that can make us stronger over the long term, on and off the pitch, and to support the search for a new permanent CEO.”

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