Rangers board changes made official as trio stand down
Their roles will be filled by Americans Mark Taber, Andrew Clayton, and Gene Schneur.
The exits of Johnston, Park and Wolhardt have been officially confirmed in an update on Companies House, all three having their appointments terminated.
Cavenagh takes over from Fraser Thornton as chairman but the latter will continue to be part of the board.
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Paarag Marathe is the new vice-chairman.
John Halsted and George Taylor remain on the board as directors and chief executive Patrick Stewart stays in his role.
New board member Taber is managing director at Great Hill Partners, a growth equity firm based in Boston.
He specialises in healthcare investments and has been on the boards of over a dozen healthcare companies.
He is also a trustee of Boston Medical Centre's HealthNet health plan and a member of its finance committee.
Clayton is the co-founder and vice-chairman of ParetoHealth, a health insurance company founded by Cavenagh.
Schneur, a board member and co-owner of Leeds United, is the third new face.
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