Former Rangers chairman Malcolm Murray exits Ibrox

FORMER chairman Malcolm Murray and fellow non-executive director Phil Cartmell have left the board of Rangers.

Malcolm Murray was replaced as Rangers chairman by Walter Smith. Picture: PA

The news was confirmed by the club in a statement to the London Stock Exchange this morning.

Murray stepped down as chairman in May, amid speculation of moves to oust him, but remained as a director until now.

He was replaced in the role by ex-Gers boss Walter Smith in what was a unanimous decision by the rest of the board and a move aimed at bringing stability to the club.

Smith, who returned to Rangers as a non-executive director in November after two spells as manager, said in a statement: “Both Malcolm and Phil have made important and valuable contributions to the club.

“The last year has presented the club with a number of challenges and it has been beneficial to have two highly experienced non-executive directors such as Malcolm and Phil offering assistance.

“On behalf of the board I would like to thank them for their considerable efforts in helping to rebuild Rangers.

“Both men have other significant business interests and we wish them well in their future endeavours.”