Liverpool have confirmed the appointment of a new managing director in the shape of Reds supporter Christian Purslow.
Purslow, who is also an executive board member and co-founder of private equity firm MidOcean Partners, will also take overall management of the club until a new chief executive is found.
Former chief executive Rick Parry left his role at the end of last season.
Co-owner George Gillett told the club's official website: "Tom (Hicks) and I felt that it was important to put a highly experienced and respected executive in place to run the club and support the senior team and the manager.
"There's a lot to get done over the summer to build on the great season we just had and Christian will be a valuable addition to the team."
Hicks added: "Christian has been a great supporter of the club for many years and he's already built up good relationships at Anfield.
"His strategic and commercial acumen will be a real asset and we're delighted that he has made a long-term commitment to the club."