Manchester United have confirmed that David Gill will step down from his role as chief executive in the Summer.
Gill has been with the club since 1997 after first joining as a financial director and became the clubs chief executive in 2003. However, Gill will not be leaving the club as he will continue as a director at the club.
Gills replacement will be current executive vice chairman Ed Woodward.
On the official Manchester United website, United manager Sir Alex Ferguson said: "Him stepping down is a big loss to me but the fact that he is staying on the board encourages me.
"If I could have found a way of persuading him to stay I would love to have done that. But he has made his decision and I respect him for it."
Gill was named as vice Chairman of the FA in October and has been nominated as a candidate in the upcoming Uefa Executive Committee elections in May 2013.
On stepping down as chief executive, Gill said: "It has been the greatest privilege to serve Manchester United,"
"I have worked alongside the finest manager in the history of the game and been part of what I consider to be the best club in the best sport in the world.
"It has been a very hard decision because I love this club and, as the fans' banner says, it is 'more than a religion'.
"I've experienced some incredible highs, such as the Treble in 1999 and the Premier League and Champions League double in 2008, and lows, like losing the title with the last kick of the season last year. But that is what makes this club and this sport so compelling."
DISCLAIMER: This article has been written by a member of the GiveMeFootball Writing Academy and does not represent the views of GiveMeFootball.com or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. GiveMeFootball.com and SportsNewMedia do not take any responsibility for the content of its contributors.