Manchester United have named Richard Arnold as their new chief executive.
The Premier League club confirmed the appointment of Mr Arnold, who has previously served as their group managing director.
He will officially take on the role from February 1.
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The move comes as the club announced Ed Woodward's departure date as executive vice-chairman as also being February 1.
Mr Woodward confirmed in April he would step down from the role "at the end of 2021" following the fallout from the club's involvement in the aborted European Super League. He has been in the job since 2013.
Mr Woodward started his career at PwC in the accounting and tax advisory department in 1993 before joining JP Morgan as an investment banker in the mergers and acquisitions department in 1999.
In 2005, he advised Malcolm Glazer and the wider family during the takeover of Manchester United.
In 2007, he was put in charge of the commercial and media operations of United.
Mr Arnold said: "I am honoured to have the chance to serve this great club and its fans. I am determined to return that honour in anyway I can."
Executive co-chairman Joel Glazer added: "I would like to thank Ed for his tireless work on behalf of Manchester United during his nine years as executive vice-chairman and 16 years with the club.
"We are now looking forward to Richard and his leadership team opening anew phase in the club’s evolution, with ambitious plans for investment in Old Trafford, the strengthening of our engagement with fans, and continued drive towards our most important objective – winning on the pitch."
