Chelsea confirmed on Monday that chairman Bruce Buck would step down at the end of June after 19 years in the position.
“Now is the right time to step down and let new ownership build on the strong foundations we have in place,” he said.
The London-based club was purchased in May by a group led by Todd Boehly and Clearlake Capital after Abramovich put the club up for sale following Russia’s invasion of Ukraine.
Also read: Roman Abramovich Strikes Deal With UK Government For Chelsea Sale
During Buck’s tenure as chairman, the club men’s team won 18 major titles and the Chelsea women’s team won 12.
“I am proud to have helped Chelsea realize great success on the pitch and make a positive impact in the community,” he added.
Todd Boehly, the new owner, also sent Buck a thank-you message:
“Bruce has led Chelsea Football Club to the highest levels of international and domestic football, while also developing one of the most active social responsibility projects in the sport,” he said.
“We thank Bruce for his service and his commitment to the Club.”