Manchester United PLC Announces Management Transition
November 15 2023 - 7:00AM
Business Wire
Manchester United plc (NYSE: MANU), announces that Richard
Arnold has decided to step down as Chief Executive Officer 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.
Joel Glazer, Executive Co-Chairman, said: “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.”
Richard Arnold, outgoing CEO, said: “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.”
Patrick Stewart said: “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, both on and off the pitch, and to support the
search for a new permanent CEO.”
About Manchester United
Manchester United is one of the most popular and successful
sports teams in the world, playing one of the most popular
spectator sports on Earth. Through our 145-year football heritage
we have won 67 trophies, enabling us to develop what we believe is
one of the world’s leading sports and entertainment brands with a
global community of 1.1 billion fans and followers. Our large,
passionate and highly engaged fan base provides Manchester United
with a worldwide platform to generate significant revenue from
multiple sources, including sponsorship, merchandising, product
licensing, broadcasting and matchday initiatives which in turn,
directly fund our ability to continuously reinvest in the club.
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Investor Relations: Corinna Freedman Head of Investor
Relations +44 738 491 0828 Corinna.Freedman@manutd.co.uk
Media Relations: Andrew Ward Director of Media Relations
& Public Affairs +44 161 676 7770 andrew.ward@manutd.co.uk
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