Former chairman Mike Bateson has returned to crisis club Torquay to retake control of the helm.
Bateson is back at Plainmoor
The 62-year-old Bateson sold his shares to a London-based consortium last October and is back as chairman, with his wife Sue as a director.
Bateson's daughter Debbie Hancox has been appointed managing director, with Mervyn Benney, Ian Hayman and Brian Palk reappointed to the board.
Bateson said: "My number one priority is League survival."