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David Gill To Step Down As CEO Of Manchester United Plc

Stocks in this article: MANU

David Gill is to step down from his position as Chief Executive of Manchester United plc (NYSE:MANU), with effect from 30 June 2013. David, 55, joined the board in February 1997 as Finance Director and has been its Chief Executive since September 2003. He is to remain a director of Manchester United Football Club.

Executive Vice Chairman Ed Woodward will assume his responsibilities.

David was appointed the Vice Chairman of the English Football Association in October 2012 and has been nominated as its candidate in the upcoming UEFA Executive Committee elections in May 2013.

Announcing his departure, David Gill said:

“It has been the greatest privilege to serve Manchester United for 16 wonderful years – the last 10 of which as its Chief Executive. I have worked alongside the finest manager in the history of the game and been part of what I consider to be the best club in the best sport in the world.

“It has been a very hard decision because I love this Club and, as the fans’ banner says, it is, ‘more than a religion’. I’ve experienced some incredible highs – such as the Treble in 1999 and the League and Champions League double in 2008 and lows – like losing the title with the last kick of the season last year. But that is what makes this Club and this sport so compelling.

“However, I have always been conscious of the fact that, as a member of staff, I was always just a temporary custodian of this marvellous institution. I am also of the view that all businesses need to refresh themselves with new management and ideas and after 10 years in charge, I believe it is appropriate for someone new to pick up the baton. I’m delighted Ed has accepted the role. I have worked with him for more than seven years and in that time he has built up knowledge of football matters, which will hold him in good stead for the future.

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