Celtic, as a PLC, were obliged to inform the London Stock Exchange ahead of the markets opening today of the news that Peter Lawwell, the club’s CEO, is to step down at the end of the season to be replaced by current Chief Executive at Scottish Rugby Dominic McKay.
The notice to the London Stock Exchange, titled Directorate Change, was duly posted at 7am this morning and can be read HERE. It confirms that Peter Lawwell has tendered his resignation and will retire from his role on 30 June 2021.
Thereafter Celtic published news of the ‘Directorate Change’ on the club’s official website as we reported HERE.
The Celtic PLC Chairman Ian Bankier is quoted in the communication to the Stock Exchange saying:
“On behalf of the directors, shareholders and Celtic supporters all around the world, we would like to thank Peter for his huge commitment to the Company as Chief Executive Officer. Peter has served Celtic with distinction for over 17 years during which time, the Club has enjoyed unprecedented success both on and off the field.
Peter’s expertise, intelligence and judgement has guided Celtic brilliantly through the past 17 years and as a Chairman, I could not have hoped to work with a more able and skilful Chief Executive – someone with Celtic in his soul, who has had the Club’s best interests at the heart of every decision he has made. He will be regarded as a man who has played a pivotal role in our history and we should always respect the huge impact he has had on the Club.
Whilst we accept Peter’s decision with great sadness, the Club is delighted to announce the appointment of Dominic McKay who will take over the role of Chief Executive Officer upon Peter’s departure. Dominic is an experienced executive of the highest calibre, who has been responsible for delivering impressive commercial and sporting success in his current role with Scottish Rugby and as Chairman of the Guinness Pro14 League. He will now bring his breadth of high performance sport experience to drive the Club forward and our focus will be to support Dominic to ensure a smooth transition. He is a person of the highest integrity with formidable talents that will be real assets to the Club going forward.
The directors look forward to working with Dominic towards delivering future success”.
READ THIS…McKay’s very Celtic welcome: “Congratulations Dom – welcome to Paradise. May your driveway forever be clear of snow”
Best decision Lawell has made in many years in deciding to leave where he is not wanted..Bye,Bye and personally I won’t miss you.