Join        Login             Stock Quote

Manchester United (MANU): Ed Woodward To Replace David Gill As CEO

 February 20, 2013 07:50 AM

(By Balaseshan) Manchester United Plc (NYSE: MANU), which operates professional sports clubs and teams, said David Gill will step down as Chief Executive Officer effective June 30, and Executive Vice Chairman Ed Woodward will assume his responsibilities.

Gill joined the board in February 1997 as Finance Director and has been its Chief Executive since September 2003. He will remain as a director of Manchester United Football Club.

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

"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," said Gill.

From July 1, Woodward will have overall responsibility for the Club including, in conjunction with Sir Alex Ferguson, facilitating transfer activity. His job title will remain Executive Vice Chairman.

Woodward is a director of Manchester United Football Club, Manchester United Plc, Manchester United Merchandising Ltd and MUTV. He also sits on the Marketing Committee of the European Club Association.

In a revised management structure from July 1, Woodward has appointed current Commercial Director Richard Arnold as its new Group Managing Director, overseeing all commercial and operational aspects of the Club.

The company's Chief Operating Officer Michael Bolingbroke will consolidate the Club's operations under him and will report to Arnold. In his new position, Bolingbroke will be responsible for the Club's local, national and global CSR projects.

MANU closed Tuesday's regular session up 1.67% at $18.82. The stock has been trading between $12.00 and $19.34 for the past 52 weeks.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageInitial Jobless Claims Rose Unexpectedly

Claims unexpectedly rose in the latest report through last weekend to breach 300,000 for the first time read on...

article imageAll Quiet on the Record High Front

What can we glean from the media’s lack of attention to the market’s recent record read on...

article imageThe Chip Maker Short Sellers Should Be Watching

Investing in semiconductor stocks is always tricky. Industry cycles can lead to bumps in the road for the read on...

article imageChicago Fed: US Economic Growth Slowed In October

The pace of US growth slowed more than expected in October, according to this morning’s update of the read on...

Popular Articles

Daily Sector Scan
Partner Center

Related Articles:

Recent Articles by Balaseshan

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.