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Arsenal has announced the appointment of Sir Chips Keswick as the Premier League club’s new chairman, following Peter Hill-Wood’s decision to stand down from the board due to health reasons.

Arsenal has announced the appointment of Sir Chips Keswick as the Premier League club’s new chairman, following Peter Hill-Wood’s decision to stand down from the board due to health reasons.

Hill-Wood, who has been Arsenal chairman since 1982, is recovering after a heart attack last year. His departure ends a long family connection to the North London club, with Hill-Wood’s grandfather, Sir Samuel, and father, Denis, serving as Arsenal’s previous chairmen in a period stretching back to 1927. The 77-year-old said: “This has been a difficult decision as Arsenal Football Club has been a huge part of my life. Although I am feeling better I feel this is the right time for me to stand down. I would like to thank our majority owner, Stan Kroenke, for the respectful and dignified way he has handled this and I know Sir Chips is the right person to take the club forward.”

Hill-Wood joined the Arsenal board in 1962 when his father became chairman. A lifelong fan, Keswick, 73, has served on the board since 2005. He is the former chairman of Hambros Bank and a director of the Bank of England. In his role as chairman, Arsenal said Keswick will work directly with chief executive Ivan Gazidis on the club’s football and business ambitions.

Keswick said: “Firstly, I am sad to see Peter standing down due to his health and we all hope he continues well in his recovery. The Hill-Wood family has made an extraordinary contribution to Arsenal over many decades. They have been central to the club’s many achievements during this time. I am greatly honoured to have been appointed chairman of Arsenal Football Club. This is one of the great clubs in the game, recognised and loved by millions. I am looking forward to leading the club to future success.”

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