Coventry City Football Club has appointed Ken Dulieu as its new chairman with Ray Ranson becoming football consultant.
Ranson had been executive chairman of the npower Championship club since the SISU takeover in 2007 whilst Dulieu, who joined the board in November last year, is a former chairman of Southampton.
Dulieu, who is based in Portugal, expressed his desire to stabilise the club’s financial position.
"We now move into a new chapter for the club with the first priority being results on the field in line with our objective off the field to achieve financial stability and create a platform upon which to build for the future," Dulieu said.
"Ray and I have an excellent personal relationship and we very much complement each other in our respective working roles within the Club and I look forward to working with him in the future," he added.
Ranson added: "As most people within the club and in the football world generally have been aware my role as Executive Chairman of Coventry City FC over the past three years has been essentially focused on the football side of the business.
"Coventry City is now entering a new phase where the commercial side of the company will need dedicated focus under a new chairman."
Dulieu will share an office with the club’s chief executive officer once appointed.