Mike O'Leary, chairman of Ipswich Town Football Club, is stepping down after three and a half years in the role. The 71-year-old cites the club's rapid rise and his long commute as key factors in his decision.
Why it matters: O'Leary's tenure saw Ipswich Town achieve promotion to the Premier League – a goal he set when taking the position in 2021.
The big picture: O'Leary became chairman following Gamechanger 20 Ltd's takeover of Ipswich Town in April 2021. His retirement comes as the club enjoys a strong position on and off the pitch.
What they're saying:
O'Leary: "Reaching the Premier League was always the dream when I became Chairman in 2021, but I never dared to believe that it would happen so quickly. I have a strong sense of 'mission accomplished' as I prepare to say my farewells."
CEO Mark Ashton: "Mike is, and will always continue to be, a long-term friend. He was instrumental in the acquisition of the club, and has been an amazing support to me over many years."
Ed Schwartz, major shareholder: "We all owe an enormous debt of gratitude to Mike. It was his tireless work that got the takeover across the line in 2021."
Key details:
O'Leary cited his age and the 200-mile commute from his Worcestershire home to Portman Road as factors in his decision.
He consulted with Ed Schwartz, the club's major shareholder, before making his decision.
Mark Ashton will now assume the role of chairman in addition to his current position as chief executive officer.
The bottom line: O'Leary leaves Ipswich Town in a remarkable position, with the club thanking him for his contributions during his time at Portman Road. Good luck, Mike.
