Scunthorpe have reinstated former boss Brian Laws as manager at Glanford Park three weeks after he was sacked.
Iron chairman Chris Holland resigned after a board meeting on Wednesday with major shareholder Steve Wharton regaining control of the club.
Laws is expected back at Scunthorpe on Thursday and will take charge of the team at Huddersfield this weekend.
Since Laws was sacked the team has not won any games and they are three points above the Division Three drop zone.
A statement released on the club's official website said: "It was announced by
Scunthorpe United Football Club that Mr JS Wharton, the majority shareholder in the club, is to rejoin the board as chairman.
"Mr Wharton pledged himself to work hard to try and reverse the recent poor results of the football team.
"To that end he will be asking Brian Laws to return as manager.
"It was also announced that Mr CO Holland, Mr B Collen, Mr B Borrill and Mr JAC Godfrey have resigned from the board as the decisions that the existing board made did not receive the backing of the major shareholder."