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Friday 29 August 2014

Rangers in board shake up as two directors leave

Lisa Gray

Published 09/07/2013 | 10:48

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Former chairman Malcolm Murray and fellow non-executive director Phil Cartmell have left the board of Rangers.

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The news was confirmed by the club in a statement to the London Stock Exchange this morning.

Murray stepped down as chairman in May, amid speculation of moves to oust him, but remained as a director until now.

He was replaced in the role by ex-Gers boss Walter Smith in what was a unanimous decision by the rest of the board and a move aimed at bringing stability to the club.

Smith, who returned to Rangers as a non-executive director in November after two spells as manager, said in a statement: "Both Malcolm and Phil have made important and valuable contributions to the club.

"The last year has presented the club with a number of challenges and it has been beneficial to have two highly experienced non-executive directors such as Malcolm and Phil offering assistance.

"On behalf of the board I would like to thank them for their considerable efforts in helping to rebuild Rangers.

"Both men have other significant business interests and we wish them well in their future endeavours."

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