DOM MCKAY has left his position with immediate effect for what the club is saying is because of personal reasons.
In a letter to the London Stock Exchange, Celtic have confirmed the CEO who only took his place a few months ago has left the building.
The letter reads.
Celtic Football Club announced today that Chief Executive Dom McKay stood down from his position as Chief Executive for personal reasons.
The directors are pleased to confirm that Michael Nicholson, the Club’s current Director of Legal and Football Affairs, will assume the role of acting Chief Executive Officer and director of the Company. Michael has been a senior executive of Celtic for 8 years and has been at the heart of decision making at Celtic working closely with the CEO and the Football Department.
Commenting on the announcement, Chairman, Ian Bankier said:
“We thank Dom for his efforts on behalf of the Club and everyone wishes Dom and his family very well for the future.
“I would also like to welcome Michael to the Board and look forward to continuing to work with him to deliver future success for the Club.”
Dom McKay said: “I’d like to thank the Board and everyone at Celtic for their support and wish everyone at Celtic every success for the future.”
Additional information
Pursuant to Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies, the following information is disclosed in respect of Michael Nicholson.
Full name: Michael Gordon Kenneth Nicholson
Age: 45
As at the date of this announcement, Michael Nicholson does not hold any shares or options in the Company.
Save as set out above there are no further disclosures pursuant to Rule 17 or paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of the appointment of Michael Nicholson.
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The rumour mill will now begin on what has led to this incredible exit. Is it genuinely personal reasons that were unforeseen or has Mckay walked away due to meddling from the board?
That’s the big question.
We have had a conversation with Dom on two occasions to this point where he’s been very positive about the path ahead and how he was looking forward to building something at Celtic with Ange.
The Chief Exec was a big reason why the club went for Ange Postecoglou this summer after the Eddie Howe deal fell apart.
Celtic as a club have not been run professionally for a while and this is another developing story that will detract from the work on the pitch.
The news has come out of nowhere and even people at the club have just found out at the same time as the rest of us.
Where do we go from here? Dom shadowed Peter Lawwell, he was groomed for the position for the last six months and was making inroads on modernisation etc. Now everything that has been discussed is up in the air.
