September 26th, 2016

Mark Labovitch leaves Sky Blues in board reshuffle

Mark Labovitch leaves Sky Blues in board reshuffle Mark Labovitch leaves Sky Blues in board reshuffle
Updated: 4:36 pm, May 07, 2015

SKY Blues non-executive director Mark Labovitch will step down from his role at the League One club in a board re-shuffle.

Labovitch joined the Sky Blues board back in August 2011 alongside chief executive Tim Fisher and was vocal throughout the bitter dispute with stadium owners Arena Coventry Limited and the council.

Other changes will see Mr Fisher become club chairman and his role will involve taking full control of plans to build a new stadium with details on a land site expected to be revealed in the near future.

Former development director, Steve Waggott, will replace Mr Fisher as chief executive and will be responsible for all football matters at the club.

Mr Waggott will work with the commercial staff in order to provide manager Steven Pressley with every penny possible in line with the Financial Fair Play rule and will also continue to liaise with the Scot over potential signings.

“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.” said Mr Fisher.

“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.”

“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.”

On stepping down from his role, Mr 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.”

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