Everton are to make a statement on the future of chairman Bill Kenwright in the next 48 hours.
The Premier League club, who only avoided a drop to the Championship on the final day of the season, have also confirmed chief executive Denise Barrett-Baxendale, chief finance and strategy officer Grant Ingles and non-executive director Graeme Sharp are all to step down.
Mr Kenwright purchased 68% of Everton from Peter Johnson in 1999 and became chairman of the club in 2004. He then sold half of his stake to Farhad Moshiri in 2016.
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Everton returned a loss for the fifth successive year with the £44.7m deficit reported for the 2020-21 season taking their cumulative losses to more than £430m over the period.
A statement from the departing Directors reads: "We have all been fully committed during our time here and are disappointed to have made the decision to leave Everton.
"We have worked tirelessly alongside our chairman in what has been a challenging period to deliver some of the most significant projects in Everton’s history – projects that will safeguard and sustain the commercial future of the club for generations to come.
"We are proud of the commercial growth projects progressed during our time on the board, including the construction of the club's new waterfront stadium.
"This construction project – the largest currently on site in the UK - is progressing at pace.
"The club's partnership portfolio has also been increased and diversified, reflected in record commercial partnerships and the expansion of our work internationally.
"In addition to these commercial achievements, we take great pride in the continued growth of the club’s social programmes and the plans that the Board has put in place for the community-led regeneration scheme at Goodison Park.
"It has been an honour and a privilege to serve as directors. We would like to thank everyone who has supported us during our time here. We wish the club we have loved to serve every success in the future."
Mr Kenwright added: "This has been a great board who have all worked tirelessly for the club, no matter what the circumstances.
"My relationship with Denise has been known as one of the closest in football.
"I thank her for her many achievements, particularly her magnificent work in respect of our new stadium."
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