Josh said: “We are delighted to promote Rich to CEO after an incredibly successful period as Managing Director of Arsenal. Rich has made an enormous impact on all fronts as we continue to strive to win major trophies, be financially sustainable and put our supporters at the heart of everything.
“At this moment, we would like to thank Tim for his continued dedication and commitment to Arsenal in a period of transformational change for the club. He has played a pivotal role and ensured we are in a great position to continue to deliver our strategy in our ambition to win major trophies. In keeping with our desire to always move forward, we will strengthen our Board with some exciting additions who will bring vast experience to the club across a wide range of professions.
“The group know and love Arsenal, and will bring a different skillset and expertise while injecting fresh thinking and energy to support us all to achieve our ambitions.”