According to http://www.arsenal.com, chairman of Arsenal Holdings Limited, Sir Chips Keswick has retired after seven years at the helm. As a lifelong Arsenal fan who recently turned 80, he has been on the board since 2005.
Stand and Josh Kroenke released a statement saying:
“We would like to express our immense gratitude for everything Sir Chips has done for Arsenal Football Club as a board member and chairman of the board over the past 15 years.
“His extensive business knowledge and experience coupled with his deep love of Arsenal have made him the perfect chairman. It has been a privilege to work with him and he will always be a very welcome visitor when we return to playing matches at Emirates Stadium.”
According to the report, this was a planned retirement since the beginning of the season.
“I made my plan to retire at the end of this season clear to the board, before the global health crisis we are now experiencing. The club is in safe hands with Stan and Josh, the board and the executive team. I know Arsenal will emerge strongly from this situation and I look forward, like all our supporters around the world, to seeing the team in action as soon as possible.”
The interesting part of this, as noted by Arsenal, is that the Board will now consist of Stan and Josh Kroenke, Ken Friar, and Lord Harris meaning it is 50% Kroenke.
No replacement or intentions of a replacement have been announced.
“It has been an honour to be the chairman of this great football club. Arsenal has always held a special place in my life and that will remain the case in the future.” – Sir Chips Keswick