Richard Arnold has resigned from his role as Manchester United director after Sir Jim Ratcliffe completed his partial takeover of the club, with INEOS co-owner John Reece taking a seat on the board.
The British petrolchemicals billionaire officially took control of a 27.7 percent share in the club on Tuesday evening, after the Premier League and the Football Association approved the deal.
Ratcliffe and his company have paid £1.3billion for their stake, which will rise to close to 30 per cent following a further £238m injection into United's coffers.
INEOS have wasted no time in reshuffling the pack at Old Trafford, with Arnold, stepped down as CEO in November, resigning from the board of directors.
Meanwhile, United confirmed in an official filing on Wednesday morning that Reece and INEOS Sport chairman Rob Nevin have both joined the board.
Reece joined Ratcliffe's company in 2000 as a financial director and he was estimated to have a fortune of £9.1bn by the Sunday Times Rich List year.
More to follow