Newcastle United have confirmed that Freddy Shepherd has been replaced by Chris Mort as chairman of the Magpies.
Mort had previously been named as deputy chairman following Mike Ashley's takeover of the club earlier this summer.
United de-listed from the Stock Exchange last Wednesday making the club a private business once again.
In a statement on the club's official website, Mort said: "I am delighted to become chairman of such a fabulous club.
"Since arriving at St James' Park I have been hugely encouraged by the warm welcome I have received from so many supporters.
"The strategic review of the club is going well and, with the new season fast approaching, we feel the time is right to make the change.
"I would like to thank Freddy Shepherd for all he has done for the club over the last 15 years."