Friday 14 June 2013
Arsenal Football Club has appointed Sir Chips Keswick as their new chairman after Peter Hill-Wood decided to stand down from the club’s board for health reasons. Hill-Wood, who has been Arsenal chairman since 1982, is recovering after a heart attack last year.
Hill-Wood’s departure from the Arsenal board ends an association his family had with the club's board dating back to 1927 and his 51-year presence as a director. His grandfather, Sir Samuel, and father, Denis, were the club's previous chairmen.
“This has been a difficult decision as Arsenal Football Club has been a huge part of my life,” Hill-Wood, 77, said. “Although I am feeling better I feel this is the right time for me to stand down. I would like to thank our majority owner, Stan Kroenke, for the respectful and dignified way he has handled this and I know Sir Chips is the right person to take the club forward.”
"His vision and steadfastness have been central to the successes of this great club over that time"
Hill-Wood joined the Arsenal board in 1962 when his father became chairman and has been at the heart of the club’s major decisions, including the move from Highbury to Emirates Stadium in 2006.
“Peter has been a wonderful custodian of this club,” Kroenke, Arsenal’s majority owner, said. “He has been a member of the Arsenal board for 51 years and his vision and steadfastness have been central to the successes of this great club over that time. Peter will be sorely missed but we will ensure we recognise his many contributions to the club in an appropriate way.”
Sir Chips, 73, has been on the Arsenal board since 2005 and is the former chairman of Hambros Bank and a director of the Bank of England.
“Firstly, I am sad to see Peter standing down due to his health and we all hope he continues well in his recovery,” Sir Chips said. “The Hill-Wood family has made an extraordinary contribution to Arsenal over many decades. They have been central to the club’s many achievements during this time.
“I am greatly honoured to have been appointed chairman of Arsenal Football Club. This is one of the great clubs in the game, recognised and loved by millions. I am looking forward to leading the club to future success.”