Bruce Buck will step down from his role as Chelsea chairman after a 19-year reign at Stamford Bridge.
The 76-year-old will remain at the club as a senior adviser while the Blues begin their new era under Todd Boehly’s ownership.
Buck, who will leave his position on June 30, said: “I am proud to have helped Chelsea realize great success on the pitch and make a positive impact in the community.
“Now is the right time to step down and let new ownership build on the strong foundations we have in place.
“The owners have a compelling vision for Chelsea’s future, and I look forward to helping them achieve it in this new role alongside our incredible staff, players, coaches and supporters.”
Meanwhile, new owner Boehly thanked the chairman for his service.
“Bruce has led Chelsea Football Club to the highest levels of international and domestic football, while also developing one of the most active social responsibility projects in sport,” said Boehly.
“We thank Bruce for his service and his commitment to the Club.”
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