Pension fund manager Malcolm Murray has been appointed chairman of The Rangers Football Club, the club have announced.
Charles Green - who fronted the consortium who have completed the purchase of the business and assets of Rangers on Thursday - is chief executive of the new company.
The club also announced that Brian Stockbridge will be financial director while Imran Ahmad of Zeus Capital will join the board as a non-executive director.
Further appointments to the plc board have yet to be made.Murray was described in a statement from the club as "a Rangers supporter since he was a boy and a season ticket holder."
Born in Ayrshire, he has spent most of his career managing pension funds.
His experience in football comes from his purchase and stewardship of a 25 per cent shareholding in Manchester United which led to him working closely with the executive management team.
Murray said: "It is a great honour to be invited to become non-executive chairman of an iconic football club.
"I am intensely proud to have been a supporter since my father took me to Ibrox for my first match and Colin Stein scored a hat-trick on both our debuts.
"I was hooked from that moment on and as a supporter and season ticket holder I have been - like all Rangers fans - utterly appalled by what has happened to the club.
"Those responsible for bringing the club to its knees should start by apologising to supporters who have been left to face the consequences.
"I have spent most of my working life developing a long-term investment philosophy, taking stakes in companies and working closely with the boards while imposing the highest standards of corporate governance.
"It is my firm intention to ensure high standards of transparency and probity are adopted and the club will be managed with a prudent long-term strategy avoiding the fiefdoms and excesses of the past.
"With that approach I am sure that Rangers can look forward to better days."