REG - Celtic PLC - Appointment of Non-Executive Chairman

CelticAnnouncement

02/12/2022 12:30

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RNS Number : 4540I  Celtic PLC  02 December 2022

 

 

2 December 2022

CELTIC PLC

 

("Celtic" or the "Club")

 

Appointment of Peter Lawwell as Non-Executive Chairman

 

Celtic is pleased to announce the appointment of Peter Lawwell as a director
of Celtic plc and its new Non-Executive Chairman. Peter will take up his new
role from 1(st) January 2023, following the retirement of current Chairman,
Ian Bankier.  Peter returns to Celtic as Non-Executive Chairman after
previously being Celtic's Chief Executive for almost 18 years, a position he
retired from in the summer of 2021. During his tenure as Chief Executive, the
Club won 29 trophies, including 13 league titles and an unprecedented
quadruple treble, enjoying a period of sustained growth and success. Following
his retirement as Chief Executive, Peter has continued representing the Club
as a board member of the European Club Association. The Board is pleased to
welcome Peter back and looks forward to once again working with him in the
near future.

 

Peter Lawwell commented:

 

"As a lifelong Celtic supporter it is a great privilege to be asked to take up
the position of Chairman, having already been part of our great Club for
nearly 18 years.  These are exciting times for the Club and I look forward to
contributing to the well-being and success of the Club.

Our objective as ever will be to grow and further develop the Club across all
areas.   Led by an excellent Chief Executive in Michael Nicholson, and Chief
Financial Officer Chris McKay, the Club has a high quality management team in
place.  I will be offering my support and guidance to the Board and executive
management team to ensure that we continue to drive the Club forward and
protect and promote the interests of our supporters."

 

 

Michael Nicholson, Celtic's Chief Executive added:

 

"We are delighted to welcome Peter as Chairman and I look forward to working
with him as we continue to progress and develop the Club.  Peter has a wealth
of experience in the football industry at a domestic, European and global
level, which is invaluable to the Club going forward.  Our collective
objective is to create a world class football club that our supporters can be
proud of, competing at the highest level, with a strategy based on growth and
continuous improvement".

 

"On behalf of the Board, and all of our colleagues at the Club, I thank Ian
Bankier for his service and contribution to our Club, and wish him and his
family the best for the future."

 

Celtic's principal shareholder Dermot Desmond said:

 

"I am delighted that Peter has agreed to take up the position of Chairman. He
is the outstanding candidate."

 

"Peter is a man of the highest quality, someone who has served the Club
already with real commitment and expertise and his experience and knowledge of
the club, as well as of the wider global football environment, will help
continue to drive the Club forward.  He is perfectly placed to work with
Michael Nicholson, Chris McKay and the Board to ensure we continue to compete
in Scottish and European football and to manage the challenges and
opportunities in a European context."

 

"I would also like to thank Ian Bankier for his excellent contribution to
Celtic over a number of years.  I join everyone at the Club in wishing him
and his family every success for the future."

 

 

Celtic Manager Ange Postecoglou added:

 

"It is fantastic news for the Club that Peter will be taking up the role of
Chairman.  He was instrumental in bringing me to Celtic, I know the love he
has for the Club and I know that his wealth of experience and knowledge will
be invaluable to us all as we move forward together".

 

"I would also like to wish Ian and his family all the very best for the
future."

 

Ian Bankier said:

 

"I am pleased that Peter has agreed to take on the role of Non-Executive
Chairman. Against any reasonable benchmark, Celtic has prospered over the last
decade and beyond. This is in no small part down to the stability of the Club
and the retention of knowledge and experience. Peter will be a most effective
sounding board for the executive and a fine representative both domestically
and abroad. I would like to thank everyone at Celtic for their support during
my term of office. I shall miss them all.  I wish the Club and the Celtic
support all the very best for the future."

Further information in relation to the Director appointment:

The following information is disclosed in accordance with Rule 17 and
paragraph (g) of Schedule 2 of the AIM Rules for Companies in connection with
the appointment of Peter Lawwell to the Board of the Company:

 Full name:                                Peter Thomas Lawwell
 Age:                                      63 years
 Current directorships:                    Celtic Football and Athletic Company Limited

                                           Inside Track 3 LLP
 Former directorships (previous 5 years):  Celtic plc

                                           Celtic F.C. Limited

                                           Glasgow Eastern Developments Limited

                                           Protectevent Limited

                                           The Scottish Professional Football League Limited
 Ordinary shares held in the Company       356,000

 

Enquiries:

 Celtic PLC                           0141 551 4313

 Chris Duffy, Company Secretary

 Canaccord Genuity Limited

 Simon Bridges, Nominated Adviser     020 7523 8350

 Thomas Diehl

 

 

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