The club has been informed that Chairman Jim McMahon will formally announce his intention to stand down from the role at the next AGM, currently scheduled for mid-February 2024.
He will leave the position by end of the season at latest, once a successor has been appointed and certain live projects have been completed. Jim has been a Director of the club since March 2001 and became Chairman in 2016, when the Well Society became the Club’s majority shareholder.
Jim initiated the discussions with John Boyle about how to move to fan ownership and led the work involved in framing the legal and financial structure of the Society. He was also the first 1886 member.
The club has now re-started the process to recruit a permanent CEO. Derek Weir, who took on the CEO job, on an interim basis, in April 2023, has advised that he wishes to exit the role by the end of March at the latest. Since 2010, Derek has held a number of positions, including Vice Chairman and Director of the club, the first Chairman of the Community Trust in 2011 and a Board member of the Well Society when it was founded in 2011.
He also represented the club on the SPL Board. He then agreed to become CEO when the Club’s initial attempt at recruiting a suitable, permanent replacement for Alan Burrows was unsuccessful. After he leaves the CEO role, Derek will step back from having any involvement with the running of the club.
These changes will form part of a wider Board re-structure currently being worked on. A resolution will be presented to the AGM seeking approval to increase the number of permitted Directors, with a view to increasing the size of the Board and broadening the range of experience.
“I have been a Motherwell supporter since my dad took me to my first game aged four,” Chairman Jim McMahon said.
“It has been a privilege to be the Chairman of the club I love and which has meant so much to me and my family. My key aim has always been to try to improve the long-term financial robustness of the club.
“It has become very clear over the last few years that for the club to operate on a sustainable basis, provide the manager with a competitive player budget, meet the vastly increased cost of our other activities including having a successful Woman’s Team and maintaining a fit for purpose Stadium, Training Ground and Academy facility, that it will require significant investment; funding on a similar scale to that received by many others in the SPFL.
“We have undertaken a large amount of work and held numerous discussions to explore how we could best achieve this. The final stages of a fund-raising initiative are almost complete and will be ready to be shared early in the New Year.
“It is therefore the right time for a new Executive team to work with the recently expanded Well Society Board, to take this on and put in place a long term operational and funding plan for the club.”
“Having grown up a few hundred yards from the ground and been a dedicated supporter since the mid-70s, I was grateful to John Boyle when he asked me to join the Board nearly 14 years ago,” Derek Weir added.
“Whilst working for an organisation you care passionately about can be extremely difficult, with many highs and lows, both on and off the park, I feel honoured to have had the opportunity.
“Having discussed at length with Jim, I agree the time is now right for others to take a fresh look at how the club is run and manage it through the next phase of its long history. I wish all those involved every success for the future.”
Jim and Derek will work with the remaining club Directors and Well Society Board to ensure a smooth transition to the individuals appointed to these roles. Both will be here to support and help in any way they can during that process.
The club would like to thank Jim and Derek for their dedicated service over many years and wishes them both well for the future.