A statement released on the club’s official website read;
Coventry City Football Club has announced changes at boardroom level.
Tim Fisher is moving into the position of chairman of the club and Steve Waggott will now assume the role of chief executive.
A major part of Fisher’s role will be driving forward the club’s plan to own its own stadium. He said: “These board changes had been previously discussed, agreed and decided upon long before the short-term deal that saw us move back to the Ricoh Arena.
“We wanted to get the interim deal completed before we made any announcement around our own changes at boardroom level and we believe the time is now right to announce make the announcement. It’s still very much the club’s focus and intention to own its own ground in order to access the revenues that come with it.”
Waggott added: “I will continue to work closely with Steven Pressley and the coaching staff at Ryton to keep building the football model that we believe will bring success back to Coventry City Football Club.
“Given the prominence and critical importance of Financial Fair Play, I will also work with the commercial staff in exploring every way we can to drive club revenues in order to help get every penny we possibly can to Steven Pressley to strengthen the most important aspect of the club which is the playing side.”
Coventry City would also like to announce that non-executive director Mark Labovitch has stepped down from the board.
Fisher said: “Mark has served Coventry City with characteristic energy for the past three years devoting an enormous amount of time and effort to the club’s cause through a very difficult period and providing robust independent advice to the board. We wish him the best and know that he will continue to follow the fortunes of the Sky Blues as closely as ever.”
Labovitch added: “The past three years have been unusually onerous for the independent directors, but it was of the utmost importance to give total support to the board in overcoming the severe difficulties which the club faced.
“I am delighted that the Sky Blues are now able to play back in the city. The most rewarding thing for me has been engaging direct with fans, whose advice and encouragement has meant a great deal.”