New chief executive Graham Wallace has vowed to help drive Rangers forward and bring stability back to the club.
The 52-year-old replaced Craig Mather in the role on Wednesday, following his predecessor’s resignation last month.
Wallace brings with him experience of football’s top level, having spent four years at Manchester City, most recently as chief operating officer.
The Dumfries-born businessman has set his sights on helping to restore Rangers to the top of the Scottish game following a tumultuous period for the Light Blues.
Wallace who joined the Rangers International Football Club plc board of directors as well as the club’s board with immediate effect told the club’s website: “For more than 140 years, this club has been recognised throughout world football and whilst the last few years have been distressing, there is no reason why Rangers cannot be even stronger than we once were before these challenges presented themselves.
“That strength will be built upon strong leadership of the club and the continuing support of the fans.
“I watched from afar as the Rangers support came to the club’s aid during the times of turmoil and now it is the turn of the board and management to provide the stability and governance to drive Rangers’ recovery forward and ensure further football success.”
The appointment of Wallace comes amid a bitter power struggle at Rangers.
Mather stepped down on October 16, days after a group of dissenting shareholders succeeded in a Court of Session bid to force the postponement of the club’s annual meeting.
Former oldco director Paul Murray led the court action to postpone the meeting in order that shareholders could consider his bid to be elected to the board, along with Scott Murdoch, Alex Wilson and former chairman Malcolm Murray.
Wallace is the latest arrival in the boardroom this month ahead of the annual meeting, which will now take place on December 19.
David Somers was appointed acting chairman on November 7, before investment banker Norman Crichton was confirmed as a non-executive director a week later.
They joined finance director Brian Stockbridge and James Easdale on the Ibrox board.
Somers said: “I am absolutely delighted to welcome Graham to the role of chief executive of Rangers Football Club.
“Following an extensive recruitment process, the board interviewed several high-calibre individuals and determined that Graham was by far the outstanding candidate for the position.
“His first-class business and financial experience combined with his extensive knowledge of football operations at the highest levels of the game, will be of huge benefit to Rangers as we strive to take the club forward.
“Graham’s appointment will also help provide the club with further stability and leadership.”