Eggert Magnusson is to step down as West Ham's executive chairman,
with Icelandic owner Bjorgolfur Gudmundsson to take a more hands-on
role.
Magnusson will remain as the club's non-executive chairman - and is
to appoint an executive team to handle the day-to-day running of
the club.
But he will continue to be heavily involved and will keep his own
stake in the club.
The shake-up is intended to take West Ham to the next stage of
their plan to break into the top four in the Premier League, and
includes moving to a new stadium.
The club insist the changes will have no impact on manager Alan
Curbishley and his coaching staff, who will remain in control of
all football matters.