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Three Rangers board members depart amid American takeover revolution
Three Rangers board members depart amid American takeover revolution

Yahoo

time3 days ago

  • Business
  • Yahoo

Three Rangers board members depart amid American takeover revolution

Rangers Football Club is now under American ownership following a completed takeover. The club's board has been reshaped, with Graeme Park, Julian Wolhardt, and former chairman Alastair Johnston stepping down. These roles will be filled by Americans Mark Taber, Andrew Clayton, and Gene Schneur. Andrew Cavenagh takes over from Fraser Thornton as chairman. Thornton, however, will continue to be part of the board. Paarag Marathe, head of 49ers Enterprises, steps in as vice chairman. Chief Executive Patrick Stewart, along with John Halsted and George Taylor, remain in their roles. These changes signify a new era for the club, with a blend of familiar and new faces guiding its future. Mark Taber, managing director at Great Hill Partners, a growth equity firm based in Boston, is one of the new board members. Taber, who specialises in healthcare investments, has been on the boards of over a dozen healthcare companies. Read more: Davide Ancelotti to Rangers '99 per cent done' as Italian snubs other offers Celtic-linked Youssef El Kachati teases big move this summer He is also a trustee of Boston Medical Centre's HealthNet health plan and a member of its finance committee. Andrew Clayton, the co-founder and vice-chairman of ParetoHealth, is another new addition to the board. ParetoHealth is a health insurance company founded by Andrew Cavenagh. Clayton, who holds a degree in economics from Swarthmore College, serves on numerous business and philanthropic boards and committees. Gene Schneur, a board member and co-owner of Leeds United, is the third new face. The Florida-based businessman is the managing director and co-founder of SBV RE Investments LLC, a real estate firm specialising in multi-family residential properties. Schneur was also a co-founder and leader of Omni New York LLC and Omni America LLC, which ranked among the United States' top developers of affordable housing. Under his leadership, Omni expanded to more than 800 employees and developed or acquired 94 properties, comprising over 19,000 affordable housing units, with total transaction values exceeding $4 billion. Before establishing Omni, Schneur worked as a mergers and acquisitions attorney at Olshan Grundman Frome Rosenzweig & Wolosky LLP in New York.

Park and two more on Rangers board step down after takeover
Park and two more on Rangers board step down after takeover

The National

time3 days ago

  • Business
  • The National

Park and two more on Rangers board step down after takeover

It's been announced the board has been reconfigured with Graeme Park, Julian Wolhardt and former chairman Alastair Johnston stepping down. They will be replaced by Americans Mark Taber, Andrew Clayton and Gene Schneur. And there will also be new leadership at the top. Fraser Thornton will give up his role as chairman to Andrew Cavenagh, althought the whisky supremo will remain on the board while 49ers Enterprises' boss Paarag Marathe will be vice chairman. Chief Executive Patrick Stewart will also retain a place at the top table, with John Halsted and George Taylor also sticking around. Most of these are names we know fairly well by now, but here's what we know about the lesser-heralded Taber, Clayton and Schneur. Who is Mark Taber? Mark Taber is a managing director at Great Hill Partners, a growth equity firm based in Boston. Taber is said to specialise in healthcare investments and has served on or currently serves on the boards of more than a dozen healthcare companies. He is a trustee of Boston Medical Centre's HealthNet health plan and sits on its finance committee. Who is Andrew Clayton? Andrew Clayton is a Co-Founder and Vice Chairman of ParetoHealth, the health insurance company founded by Andrew Cavenagh. He serves on many business and philanthropic boards and committees, and got his degree from Swarthmore College in economics. Who is Gene Schneur? Schneur is a board member and co-owner of Leeds United. The Florida based businessman is currently the Managing Director and Co-Founder of SBV RE Investments LLC, a real estate firm specialising in multi-family residential properties. From 2004 until its sale in 2023, he co-founded and led Omni New York LLC and Omni America LLC, which ranked among the leading developers of affordable housing in the United States. Under his leadership, Omni expanded to over 800 employees and developed or acquired 94 properties comprising more than 19,000 affordable housing units, with total transaction values exceeding $4 billion. Before establishing Omni, Schneur worked as a Mergers and Acquisitions attorney at Olshan Grundman Frome Rosenzweig & Wolosky LLP in New York.

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