Stan Kroenke and Josh Kroenke, the owners of Arsenal, will now serve as co-chairs of the board, the club has announced.
In a move the club describes as “recognition of how our leadership structure has evolved over the past many seasons,” Tim Lewis also takes on the role of executive vice-chair.
Via holding firm Kroenke Sports & Entertainment, Stan Kroenke acquired full ownership of Arsenal in 2018.
He said on the club’s official website: “This is a simple evolution as part of us all driving Arsenal forward and further reaffirms our family’s long-standing commitment to this great club.
“Stability in football has never been more important as we move past the pandemic, and we believe this is the perfect time to formalise these roles.
“Our objectives and ambition will never waver – to field teams that compete for trophies at the highest level and lead our club in a way that inspires our passionate supporters around the world.
“Supported by our director, Phil Harris, and together with our executive team and all our wonderful people, we have an incredible opportunity to build on the values and traditions of Arsenal Football Club.”
Stan Kroenke is rarely seen in the English capital, but his son Josh Kroenke frequently visits Arsenal’s training facility in London Colney and seems to get along well with Mikel Arteta and the company’s CEO Vinai Venkatesham.