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19 December

 

Rangers International Football Club plc

 

("Rangers" or the "Company")

 

Appointment of Chief Executive Officer

 

 

 

Existing Board member Derek Llambias has been appointed Chief Executive Officer of Rangers with immediate effect. Derek joined the Board on 2 November 2014 as a non-executive director. In line with the cost cutting exercise announced on 12 November 2014, Mr Llambias's remuneration will be significantly lower than previously offered for this position.

 

 

Additionally, David Somers will now revert to his previous role as non-executive Chairman.

 

Commenting on the appointment, David Somers said "I am delighted that Derek has agreed to step up to the Chief Executive role. This is a successful outcome to the process, announced on 27 October 2014, which involved interviewing a number of high calibre candidates. Derek has impressed us with his grasp of the issues since joining the group and brings a wealth of experience, particularly from his time at Newcastle United, which we feel confident will be invaluable to Rangers.

 

**************

" which involved interviewing a number of high calibre candidates" Did it f@ck.

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