Douglas Park has stood down as Rangers chairman.
The club leader became chairman at Ibrox at the end of March 2020 and the RIFC Board have unanimously agreed to install the current vice-chairman, John Bennett, as the club’s new chairman. In his time, Park has overseen the club's 55th Premiership league title, the Covid pandemic, a Scottish Cup final and a run to the Europa League final.
But members of the club's hierarchy have been the subject of fan protests in recent weeks. Park said: "It’s been a great honour to serve the club as a director and chairman. During my eight years in office, we endured extraordinary pressures. I am glad we have stabilised and strengthened the club and it is now time for me to hand over the baton to a new chairman for the next stage in the club’s development. I look forward to continuing to attend matches supporting the team, and I wish John and all at Rangers Football Club the very best."
New chairman Bennett said: "On behalf of all my colleagues, and indeed the entire Rangers family, I want sincerely to thank Douglas for his eight years of service.
"Over the last three years, he led the club during exceptionally challenging times. It’s a source of great comfort that Douglas, although no longer a board member, will be by our side to support us in our relentless pursuit of success."
Follow Record Sport on Twitter, Facebook and Instagram for all of the up-to-the minute breaking news, video and audio on the SPFL, the Scotland national team and beyond.
You can also follow our dedicated Rangers and Celtic podcast pages and sign up to our newsletters to make sure you never miss a beat throughout the season.