Manchester United interim chief executive Patrick Stewart and finance director Cliff Baty are leaving the club.
Jean-Claude Blanc, chief executive of INEOS Sport, will now be the club’s final interim CEO before Omar Berrada arrives from Manchester City in July.
Former INEOS finance director Roger Bell will take over at United in the same role.
Club staff were informed on Tuesday of a company-wide meeting planned for Wednesday, at which Sir Jim Ratcliffe and White would be present and plans for the next stage of INEOS’ restructuring would be revealed.
Both Stewart and Baty were present on behalf of United at the Premier League meeting in London on Monday, just a day before Tuesday evening’s announcement.
GO FURTHER
Jean-Claude Blanc, the new interim CEO of Manchester United: motorcycles, star players and Bjorn Borg
Joel Glazer said: “I would like to thank Patrick and Cliff for their dedication to Manchester United and wish them well for the future. Both have been a source of invaluable advice and expertise for many years, and Patrick has played an important role as interim CEO during this transition phase.
Ratcliffe added: “I would like to personally thank Patrick and Cliff for their support in helping us get to know the club and making us feel welcome and I respect their decisions to now move on as we establish a new management team for the club. »
Stewart, who has been with United since 2006, replaced Richard Arnold as interim CEO earlier this year.
Baty was appointed CFO in March 2016 and has served on the board of directors since December 2017.
Arnold left United following minority investment from Ratcliffe and INEOS in December. As part of their ownership of the club, they took control of football operations.
INEOS initially appeared to be focused on football and performance, but quickly concluded that the necessary improvements would also require Ratcliffe’s team to take a firm grip on the club’s business, commercial and operational activities.
This led INEOS to hire consultancy Interpath to oversee an audit of how the club spends its money, with a focus on reducing expenses.
Senior executives have had their company credit cards withdrawn and club staff were also told last week that they would have to contribute to the coaching service that would transport them to the upcoming FA Cup final against Manchester City at Wembley.
Stewart previously served as Legal Director and General Counsel and was responsible for overseeing the club’s legal and regulatory affairs as well as managing relationships with key stakeholders, such as the Premier League.
United have made a number of changes behind the scenes since confirming INEOS’ minority investment, with the announcement earlier this month that John Murtough had resigned as director of football after more than 10 years within the club.
Murtough will effectively be replaced by Dan Ashworth, once the Newcastle United sporting director’s gardening leave ends. Athleticism reported that Ashworth was set to take Newcastle United to arbitration to facilitate his move to Manchester United.
Jason Wilcox was named United’s new technical director in April and he will report to Ashworth once he joins the team. Darren Fletcher, meanwhile, remains, with the club saying in a statement that he “will continue to play a key role in the football management team working within the men’s first team and academy.”
GO FURTHER
INEOS and Ratcliffe finally have the keys to Old Trafford. What does this mean for Man United?