Rangers have announced the appointment of Graham Wallace as their new chief executive.
Wallace, 52, has previously spent four years at Manchester City, most recently as chief operating officer, following eight years as chief financial officer in media organisations.
The Dumfries-born businessman will also join the Rangers International Football Club Plc board of directors as well as the club's board with immediate effect.
Wallace says he will drive Rangers revival
Rangers chairman David Somers told the club's official website: "I am absolutely delighted to welcome Graham to the role of chief executive of Rangers Football Club.
"Following an extensive recruitment process the Board interviewed several high calibre individuals and determined that Graham was by far the outstanding candidate for the position.
"His first class business and financial experience combined with his extensive knowledge of football operations at the highest levels of the game, will be of huge benefit to Rangers as we strive to take the club forward in preparation for our return to the top of the Scottish game.
"Graham's appointment will also help provide the club with further stability and leadership and we are certain that everyone connected with the Club will wish him every success as he embarks on the job ahead."
Wallace believes Rangers can come become stronger than ever before following their recent turmoil.
He said: "I am delighted to join Rangers Football Club as chief executive as the club continues its journey back to the pinnacle of the game in Scotland and beyond.
"For more than 140 years, this club has been recognised throughout world football and whilst the last few years have been distressing, there is no reason why Rangers cannot be even stronger than we once were before these challenges presented themselves.
"That strength will be built upon strong leadership of the club and the continuing support of the fans. I watched from afar as the Rangers support came to the club's aid during the times of turmoil and now it is the turn of the board and management to provide the stability and governance to drive Rangers' recovery forward and ensure further football success.
"I am genuinely delighted to join this wonderful Club as we look to build a successful future."
The appointment of Wallace comes amid a bitter power struggle at Rangers and sees him take over the position from Craig Mather following his departure last month.
Mather stepped down on October 16, days after a group of dissenting shareholders succeeded in a Court of Session bid to force the postponement of the club's annual general meeting.
Former oldco director Paul Murray led the court action to postpone the AGM in order that shareholders could consider his bid to be elected to the board, along with Scott Murdoch, Alex Wilson and former chairman Malcolm Murray.
Wallace is the latest arrival in the boardroom this month ahead of the AGM, which will now take place on December 19.
Somers was appointed acting chairman on November 7, before investment banker Norman Crichton was confirmed as a non-executive director a week later.
They joined finance director Brian Stockbridge and James Easdale on the current Ibrox board.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article