Arsenal announce Sir Chips Keswick is the club's new chairman

The director of the Bank of England replaces Peter Hill-Wood

Arsenal have announced the appointment of Sir Chips Keswick as the successor to Peter Hill-Wood as the club's chairman.

Hill-Wood, who has been Arsenal chairman since 1982, is recovering after a heart attack last year and stood down for health reasons.

Keswick, 73, has been on the Arsenal board since 2005. He is the former chairman of Hambros Bank and a director of the Bank of England. In his role as chairman, Keswick will work directly with Arsenal chief executive Ivan Gazidis on the club's football and business ambitions.

The appointment breaks an Arsenal dynasty going back to 1927 as Mr Hill-Wood's father Denis and grandfather Sir Samuel were Arsenal chairmen before him.

Arsenal majority owner Stan Kroenke said: "Peter has been a wonderful custodian of this club.

"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 be ensuring we recognise his many contributions to the club in an appropriate way."

On the new appointment, Kroenke added: "I am delighted that Sir Chips has agreed to become chairman.

"He has a well-respected track record in business and he will provide further direction and support in our ambition to compete at the top of the game here and in Europe and to win trophies."

Sir Chips is a member of the Keswick family which control Hong Kong company Jardine Matheson, founded by William Jardine.

He is an old Etonian and is currently a non-executive director of a number of companies including DeBeers Sa, Investec Bank and Persimmon plc.

Keswick said: "Firstly, I am sad to see Peter standing down due to his health and we all hope he continues well in his recovery. 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."

Mr Hill-Wood, who is 77 and joined the board in 1962 when his father became chairman, said: "This has been a difficult decision as Arsenal Football Club has been a huge part of my life. 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."

PA

Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
SPONSORED FEATURES
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Day In a Page

Migrant crisis: UN official Philippe Douste-Blazy reveals the harrowing sights he encountered among refugees arriving on Lampedusa

‘Can we really just turn away?’

Dead bodies, men drowning, women miscarrying – a senior UN figure on the horrors he has witnessed among migrants arriving on Lampedusa, and urges politicians not to underestimate our caring nature
Nine of Syria and Iraq's 10 world heritage sites are in danger as Isis ravages centuries of history

Nine of Syria and Iraq's 10 world heritage sites are in danger...

... and not just because of Isis vandalism
Girl on a Plane: An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack

Girl on a Plane

An exclusive extract of the novelisation inspired by the 1970 Palestinian fighters hijack
Why Frederick Forsyth's spying days could spell disaster for today's journalists

Why Frederick Forsyth's spying days could spell disaster for today's journalists

The author of 'The Day of the Jackal' has revealed he spied for MI6 while a foreign correspondent
Markus Persson: If being that rich is so bad, why not just give it all away?

That's a bit rich

The billionaire inventor of computer game Minecraft says he is bored, lonely and isolated by his vast wealth. If it’s that bad, says Simon Kelner, why not just give it all away?
Euro 2016: Chris Coleman on course to end half a century of hurt for Wales

Coleman on course to end half a century of hurt for Wales

Wales last qualified for major tournament in 1958 but after several near misses the current crop can book place at Euro 2016 and end all the indifference
Rugby World Cup 2015: The tournament's forgotten XV

Forgotten XV of the rugby World Cup

Now the squads are out, Chris Hewett picks a side of stars who missed the cut
A groundbreaking study of 'Britain's Atlantis' long buried at the bottom of the North Sea could revolutionise how we see our prehistoric past

Britain's Atlantis

Scientific study beneath North Sea could revolutionise how we see the past
The Queen has 'done and said nothing that anybody will remember,' says Starkey

The Queen has 'done and said nothing that anybody will remember'

David Starkey's assessment
Oliver Sacks said his life has been 'an enormous privilege and adventure'

'An enormous privilege and adventure'

Oliver Sacks writing about his life
'Gibraltar is British, and it is going to stay British forever'

'Gibraltar is British, and it is going to stay British forever'

The Rock's Chief Minister hits back at Spanish government's 'lies'
Britain is still addicted to 'dirty coal'

Britain still addicted to 'dirty' coal

Biggest energy suppliers are more dependent on fossil fuel than a decade ago
Orthorexia nervosa: How becoming obsessed with healthy eating can lead to malnutrition

Orthorexia nervosa

How becoming obsessed with healthy eating can lead to malnutrition
Lady Chatterley is not obscene, says TV director

Lady Chatterley’s Lover

Director Jed Mercurio on why DH Lawrence's novel 'is not an obscene story'
Farmers in tropical forests are training ants to kill off bigger pests

Set a pest to catch a pest

Farmers in tropical forests are training ants to kill off bigger pests