Celtic Football Club has announced that John Reid will step down as chairman at the club’s next annual general meeting later this year to be replaced by Ian Bankier.
Bankier is the executive chairman of Glenkeir Whiskies Limited, which operates The Whisky Shop chain. Reid, who has been chairman of the Clydesdale Bank Scottish Premier League club for four years, said: "We have come through a challenging period, but I believe we have come through stronger than ever.
"We now have in place a new, young talented managerial team led by Neil Lennon and capable of great things. Equally, we have recruited and shaped a new, young and talented squad whose promise for the future we have only begun to glimpse."
Bankier added: "I was brought up in Glasgow, and have spent much of my career here and in Scotland. As a long-standing supporter of the club I feel very privileged to be invited not only to join the Board of Celtic, but later to become its chairman.
"I am looking forward to it tremendously and hope that my own contributions to the future success and well-being of this extraordinary club will be as positive and beneficial as those of my predecessors.”
Celtic finished second in the Scottish Premier League behind rival Rangers.