John Bennett is standing down from his position as Rangers chairman.
The club announced on Saturday that he will leave the role with immediate effect for health reasons.
The 61-year-old took over from Douglas Park in 2023 after three years as vice-chairman and eight years on the board.
Former director John Gilligan will take over on a temporary basis until a permanent replacement is appointed.
A statement from the club said: “The board of Rangers Football Club today announces chairman, John Bennett, is stepping down with immediate effect for health reasons.
“The board wants to sincerely thank John for his service and significant commitment over the last nine years and wishes him a full and speedy recovery. It is requested his that his family’s privacy is respected at this time.
“Former director, John Gilligan, will temporarily fulfil the role of chairman until a permanent replacement is appointed.
“The board thanks John for stepping in at short notice and believes his experience in senior business roles throughout a long and successful career, and also, as a former Director of Rangers, will be invaluable at this time.
“The board is undertaking a robust process with the help of professional advisors to fill the roles of CEO and Chairperson. In the meantime, the club’s executive management team will continue to lead the club on a day-to-day basis.”
It is understood that Bennett will remain a significant shareholder at the club but it is highly unlikely that he will return to the board.
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