Meet the 9 new Rangers board members as 49ers takeover shakes up Ibrox make up
It's a new dawn in Govan and with that a completely different feel at the top of the marble staircase as a fresh start begins
It's a new dawn at Rangers as their American takeover heralded a fresh start for the Ibrox club.
And with that, the boardroom will have an altogether different feel to it at the start of next season.
US tycoon Andrew Cavenagh has swept into power along with 49ers Enterprises after they landed 51 percent of Gers.
The health insurance billionaire will take his seat as Ibrox chairman but there are a whole host of changes at the top of the marble staircase.
Former board members Graham Park, Alistair Johnston and Julian Wolhardt are no longer there, as FIVE new Americans took control - including new vice-chair Paraag Marathe.
Patrick Stewart, Rangers' newly appointed CEO, will continue in that role, while ex-chairman Fraser Thornton remains on the board.
George Taylor and John Halsted will also give the club continuity by staying on.
Here's how the make-up of the new executive Rangers board will look:
Andrew Cavenagh
Cavenagh is the new chairman of Rangers FC and a successful entrepreneur, chief executive, and investor with decades of business experience.
He's spent most of his career in the insurance industry.
Cavenagh's leadership and innovative mindset has enabled him to reshape the health insurance landscape. He has founded three insurance companies, including ParetoHealth, which he started in 2011.
A life-long football fan, Cavenagh has attended multiple World Cup and European Championships, along with countless club matches. Ibrox and the Rangers support drew him to invest in the club.
Cavenagh graduated with a degree in economics from Swarthmore College in Pennsylvania, where he also had a four-year collegiate football career as an award-winning goalkeeper and captain.
While he'll make frequent trips to Glasgow, his permanent residence is in Pennsylvania.
Paraag Marathe
Paraag Marathe is Rangers' new vice-chairman.
As Leeds United chairman, Marathe oversees the club's leadership team and their management of all operations.
In his first two seasons, the club earned a record number of points in both seasons, as well as promotion back to the Premier League.
Marathe's sports career began with the San Francisco 49ers, where he currently serves as both President of 49ers Enterprises and Executive Vice President of Football Operations.
In 2024 Marathe joined the board of the NFL UK Foundation, the charitable arm of the NFL within the UK.
With sporting roles and passions across the globe, Marathe splits his time between Glasgow, Leeds, and the San Francisco Bay Area.
Patrick Stewart remains as CEO and has over three decades of experience in the sports, entertainment and legal industries.
He started his career as a commercial lawyer in Scotland, before joining TEAM Marketing in 2001.
After five years living and working in Switzerland, Patrick went on to enjoy an 18-year career at Manchester United, during which time he was the club's General Counsel, before being promoted to the football club board and then becoming a director of Manchester United plc and latterly the club's CEO.
Patrick joined Rangers FC in December 2024.
Eugene Schneur
Gene is currently the Managing Director and Co-Founder of SBV RE Investments LLC, a real estate company focused on multi-family housing.
From 2004 until its sale in 2023, Gene was the Managing Director and Co-Founder of Omni New York LLC and Omni America LLC, one of the top affordable housing developers in the country.
Under his leadership, Omni grew into a full-service real estate organisation which acquired or developed 94 properties with a total transaction value of over $4 billion.
Gene and his family currently reside in Miami, Florida. He is a board member and co-owner of Leeds United FC.
Andrew Clayton
Andrew Clayton is a Co-Founder and Vice Chairman of ParetoHealth, Andrew Cavenagh's Philadelphia based health insurance company. Throughout his 30-year career, Andrew has led growth and strategy efforts for industry leading insurance and risk management companies.
Andrew serves on numerous business and philanthropic boards and committees, and has a degree in economics from Swarthmore College.
Mark Taber
Mark Taber is MD at Great Hill Partners, a Boston-based growth equity firm, where he is responsible for transaction origination, investment policy, fundraising, investor relations, and general management of the firm.
Mark focuses on healthcare, spanning the spectrum of payer, provider, pharmacy and medical devices.
Mark graduated from the J.L. Kellogg Graduate School of Management, where he was an F.C. Austin Scholar and the Jim Packard Memorial Scholar.
He also holds a Bachelor of Arts in public policy from Duke University.
Fraser Thornton
Fraser has held many senior leadership and board positions throughout his career, in both private and public companies.
Having worked in the international drinks industry for the last 30 years, he offers a vast range of experience in stakeholder engagement; spanning political, commercial and public interest groups.
Raised in Glasgow, Fraser graduated from the University of Stirling before qualifying as a Chartered Accountant with Price Waterhouse in Glasgow in 1993.
He was a council member of the Scotch Whisky Association for 15 years until 2021.
Since 2021 Fraser has built a portfolio of non-executive roles across the Scottish corporate landscape.
John Halsted
John Halsted, an American investor, has over 30 years of private equity experience. Currently based in Wyoming, his business interests span the United States and Europe. He was a founding partner of Pamplona Capital Partners, leading the firm to excel in global investment activities across sectors such as life sciences, energy, industrial, technology, and retail.
Halsted has a Bachelor of Arts in Economics from the University of California, Berkeley, and a Masters in Business Administration from the Harvard Business School.
In 2021, he became an investor in Rangers through his family's holding company, Perron Investments, LLC.
George Taylor
George Taylor is a British investment banker and, since 2022, a non-executive director of Rangers International Football Club PLC (RIFC), the holding company of Rangers Football Club.
Born in Glasgow, he has been a prominent figure in the financial sector, particularly in Asia, and has played a significant role in the club's financial restructuring and governance.
Taylor's career in investment banking has been distinguished, with a significant tenure at Morgan Stanley, having joined in 2001 and currently serves as the head of Investment Banking for Asia Pacific and Board Member of the Asian Private Bank.
George has an undergraduate degree in Geography from Durham University and a postgraduate degree from Cambridge University in International Relations.
He currently resides in Hong Kong.
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