West Ham United have confirmed Eggert Magnusson is to step down from his role as executive chairman.
Magnusson to step down as West Ham's executive chairman
West Ham United have confirmed Eggert Magnusson is to step down from his role as executive chairman.
Magnusson, who has been the main figurehead under the regime of Hammers' Icelandic owner Bjorgolfur Gudmundsson, will remain at Upton Park as the club's non-executive chairman.
Although Gudmundsson is to take a more hands-on role in the running of the club, he has also outlined plans to appoint an executive team to handle day-to-day affairs.
Gudmundsson has reassured manager Alan Curbishley that the restructuring will have no impact on on-the-field affairs, while at the same time paying tribute to what Magnusson achieved in his tenure as executive chairman.
Proud and grateful
"I am so proud of what we have achieved since becoming involved with the club and I am grateful for Eggert Magnusson's contribution to West Ham throughout this time," Gudmundsson said.
"Of course there have been challenges but we have made real progress and can be confident about the future.
"It is now vital for our longer-term ambitions to become one of the leading clubs in England playing for honours both at home and in Europe that we strengthen the senior team at the club and build a truly professional management structure for the future."
Magnusson accepts that now is the ideal time to 'stand back'.
Stepping back
He added: "We have worked hard to create stability and optimism sometimes in very difficult and trying circumstances. I think it is now important to broaden the management team so that we can deliver the bright future that is opening up for the club.
"I have enjoyed my time as executive chairman but feel the moment is right to stand back a little as we move into a new and exciting period."
Gudmundsson will remain chairman of the board of West Ham United Holding, with his close aide Thor Kristjansson as both vice-chairman of the holding company and executive vice-chairman of the club.
Scott Duxbury remains chief executive and an expanded executive team will be announced in the near future.
