Ed Woodward says Manchester United are looking at the potential of evolving the club's structure amid the ongoing search for a director of football.
The Red Devils have been considering hiring a head of football for some time, a role that currently does not exist at the club.
A number of former players have been linked with the job, including Rio Ferdinand, Edwin van der Sar and Patrice Evra, but so far no one has been hired.
On Tuesday executive vice-chairman Woodward released a statement as Manchester United announced their annual financial figures, with a record revenue of £627.1million.
Woodward said: "Regarding the speculation around a head of football, we are continually reviewing and looking at the potential to evolve our structure on the football side.
"Much of the speculation around this type of role focuses purely on recruitment, an area we've evolved in recent years.
"As already mentioned, we feel the players that we've signed this summer demonstrates that this approach is the right one."
He added: "We and our growing fanbase demand success. Success means winning trophies. That target and that standard has never changed for Manchester United.
"We'll continue to make the necessary investments to make this happen, across our first-team players, our Academy and our recruitment department. This long-term approach to building the squad is the right one."
