Rangers appoint former Man City executive as new CEO
RANGERS have announced the appointment of Graham Wallace as their new chief executive.
Wallace, 52, has previously spent four years at Manchester City, most recently as chief operating officer, following eight years as chief financial officer in media organisations.
The Dumfries-born businessman will also join the Rangers International Football Club Plc board of directors as well as the club's board with immediate effect.
Rangers chairman David Somers told the club's official website: "I am absolutely delighted to welcome Graham to the role of chief executive of Rangers Football Club.
"Following an extensive recruitment process the Board interviewed several high calibre individuals and determined that Graham was by far the outstanding candidate for the position.
"His first-class business and financial experience combined with his extensive knowledge of football operations at the highest levels of the game, will be of huge benefit to Rangers as we strive to take the club forward in preparation for our return to the top of the Scottish game.
"Graham's appointment will also help provide the club with further stability and leadership and we are certain that everyone connected with the Club will wish him every success as he embarks on the job ahead."
Wallace believes Rangers can come become stronger than ever before following their recent turmoil.
He said: "I am delighted to join Rangers Football Club as chief executive as the club continues its journey back to the pinnacle of the game in Scotland and beyond.
"For more than 140 years, this club has been recognised throughout world football and whilst the last few years have been distressing, there is no reason why Rangers cannot be even stronger than we once were before these challenges presented themselves.
"That strength will be built upon strong leadership of the club and the continuing support of the fans. I watched from afar as the Rangers support came to the club's aid during the times of turmoil and now it is the turn of the board and management to provide the stability and governance to drive Rangers' recovery forward and ensure further football success.
"I am genuinely delighted to join this wonderful club as we look to build a successful future."
The appointment of Wallace comes amid a bitter power struggle at Rangers and sees him take over the position from Craig Mather following his departure last month.
Mather stepped down on October 16, days after a group of dissenting shareholders succeeded in a Court of Session bid to force the postponement of the club's annual general meeting.
Former oldco director Paul Murray led the court action to postpone the AGM in order that shareholders could consider his bid to be elected to the board, along with Scott Murdoch, Alex Wilson and former chairman Malcolm Murray.
Wallace is the latest arrival in the boardroom this month ahead of the AGM, which will now take place on December 19.
Somers was appointed acting chairman on November 7, before investment banker Norman Crichton was confirmed as a non-executive director a week later.
They joined finance director Brian Stockbridge and James Easdale on the current Ibrox board.