Business
Board Change
Board Change.
About this update from Celtic Plc
[{"type":"text","content":"\n \nRNS Number : 8721H Celtic PLC 03 June 2011 \n\n \nCeltic plc\nChange to Celtic plc Board\n \nCeltic plc (the \"Company\") is pleased to announce that Ian Bankier has today joined its Board as an independent non-executive director. \n \nThe Company also advises that its current Chairman, Dr John Reid, will be stepping down as Chairman and as a director at the Company's annual general meeting which will be held on Friday 14th October 2011. Subject to Mr Bankier's election as a director by shareholders at that time, Mr Bankier will succeed Dr Reid as Chairman.\n \nDr Reid commented,\n \n\"It has been an honour to have been Chairman of this great club for the past four years. I will always be grateful for the support, encouragement and friendship I have received from Dermot Desmond and my colleagues on the board, the management and staff and, above all, the greatest supporters any club chairman could wish. That is something I will forever value. \n \nWe have come through a challenging period, but I believe we have come through stronger than ever. We now have in place a new, young talented managerial team led by Neil Lennon and capable of great things. Equally, we have recruited and shaped a new, young and talented squad whose promise for the future we have only begun to glimpse. Under Peter Lawwell's stewardship we have weathered the storm of financial recession that has so badly afflicted other clubs. Hopefully, we have provided impetus to the reform of our wider football institutions. Above all, throughout all of these challenges we stood together, more united than ever. \n \nRebuilding and renewal is a continuing process on the park. And so it must also be on our Board of Directors. Over the past few years we have followed a policy of continually refreshing the Board with new, talented members. I believe this is now the right time to do likewise with the chairmanship, to lead us through the next stage of our development from the next AGM, and ensuring an orderly and smooth transition. I have great pleasure in welcoming Ian Bankier, who joins the Board as our new Director and Chairman designate. Chairman of Celtic is a demanding role but Ian is someone of considerable experience and achievement. He will be a formidable addition to the Board and will ...