Thursday May 1, 09:46 AM
Arsenal Holdings says MD Keith Edelman resigns
LONDON (Thomson Financial) - ARSENAL MANAGING DIRECTOR LEAVES THE CLUB
After eight highly successful years at Arsenal, Managing Director and Director
of Arsenal Holdings PLC, Keith Edelman, has today announced his departure from
the Club in search of a fresh challenge.
Mr Edelman, who was responsible for overseeing the historic move from Highbury
to Emirates Stadium, has resigned as a Director of Arsenal Holdings PLC, but
will be retained by the Club for a 12 month period to ensure that a smooth
transition takes place.
Keith Edelman said:
'I have thoroughly enjoyed my time at Arsenal. It has been a very exciting
period for the business and I am proud to have contributed to the Club's many
off-field achievements over the past eight years, not least the Emirates
Stadium project. Now that we have completed our second season at Emirates, I
believe it is the right time to seek pastures new and embark upon fresh
challenges. '
Peter Hill-Wood, Chairman, commented:
'Keith has played a major role in the growth of the Club since he joined in
2000. In that time we have successfully implemented the move from Highbury to
Emirates Stadium that has underpinned the future of the business and confirmed
our position as one of Europe's leading clubs. We are grateful to Keith for his
crucial role in this transformation.
'Under Keith's stewardship the Club has achieved record profits and the Board
owes him a debt of gratitude for his contribution. We wish him the very best
for the future.'
The Board has already initiated the search for a new Managing Director and will
update shareholders and stakeholders when appropriate. In the meantime,
Director Ken Friar, who has a wealth of football-based experience and business
acumen having previously occupied the role of Managing Director (1982-2000),
will assume the position of Acting Managing Director.
May 1st 2008
Ends
For further information, please contact Amanda Docherty on 020 7704 4010.
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