Llambias Is New Rangers Chief Executive

Derek Llambias has been appointed chief executive officer of Rangers. Llambias joined the club's board as a non-executive member on November 2, having previously been managing director at Newcastle under Mike Ashley, who has a 8.9 per cent share in the Ibrox club. David Somers will revert to his previous role as non-executive Chairman. Somers said: I am delighted that Derek has agreed to step up to the Chief Executive role."This is a successful outcome to the process, announced on 27 October 2014, which involved interviewing a number of high calibre candidates." Derek has impressed us with his grasp of the issues since joining the group and brings a wealth of experience, particularly from his time at Newcastle United, which we feel confident will be invaluable to Rangers.''