Arsenal chairman Peter Hill-Wood has left his role as Gunners chairman after 31 years, and will be replaced by Sir Chips Keswick, reports Sky
The 77-year-old Hill-Wood suffered a heart attack last year and, while he does feel better, still believes that now is the time to step down and hand over the reins, and thanked majority shareholder Stan Kroenke for his handling of the situation.
He said: “Although I am feeling better I feel this is the right time for me to stand down. I would like to thank our majority owner, Stan Kroenke, for the respectful and dignified way he has handled this and I know Sir Chips is the right person to take the club forward.”
Sir Chips Keswick has been on the board at the club since 2005, and is also the director of Bank of England. He becomes the first non-Hill-Wood to take chairmanship of the club since 1962 when Hill-Wood’s father, Denis, took office.
Denis Hill-Wood served as chairman until his death in 1982, at which time his son Peter Hill-Wood took over. The latter is the third generation of his family to have served in the role, as his grandfather and Denis’ father Samuel Hill-Wood was chairman of the club between 1929-1936 and also for a second spell between 1946-1949.
Sir Chips Keswick said of the appointment: “I am sad to see Peter standing down due to his health and we all hope he continues well in his recovery. The Hill-Wood family has made an extraordinary contribution to Arsenal over many decades. They have been central to the Club’s many achievements during this time.
“I am greatly honoured to have been appointed chairman of Arsenal Football Club. This is one of the great clubs in the game, recognised and loved by millions. I am looking forward to leading the club to future success.”