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Last Updated: Tuesday, 18 September 2007, 16:15 GMT 17:15 UK
Magnusson switches West Ham role
Eggert Magnusson
Eggert Magnusson is stepping down as executive chairman
West Ham's billionaire owner Bjorgolfur Gudmundsson will take a more hands-on role after Eggert Magnusson's decision to step down as executive chairman.

The shake-up is the next stage of West Ham's plan to break into the Premier League's top four, and includes moving the club to a new stadium.

Gudmundsson said: "It is vital we strengthen the senior team and build a management structure for the future."

Magnusson will stay on as non-executive chairman and keep his West Ham stake.

606: DEBATE

He said: "We have worked hard to create stability and optimism, but I feel the moment is right to stand back a little as we move into a new and exciting period."

SEE ALSO
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29 Nov 06 |  West Ham Utd
Magnusson 'to succeed' at Hammers
21 Nov 06 |  West Ham Utd
Pardew keen for takeover decision
16 Nov 06 |  West Ham Utd
Magnusson wants third-party ban
09 Aug 07 |  West Ham Utd


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