Ferguson says Gill’s departure will be a ‘big loss’.
David Gill will step down as the chief executive of Manchester United on June 30, the club have announced.
Gill will be replaced in his role by Ed Woodward, the current executive vice-chairman, with Gill remaining as a member of the board.
The 55-year-old joined United in 1997 as finance director, before taking on the role of chief executive six years later.
“It has been the greatest privilege to serve Manchester United,” said Gill in a statement released by the club.
“I have worked alongside the finest manager in the history of the game and been part of what I consider to be the best club in the best sport in the world.
“It has been a very hard decision because I love this club and, as the fans’ banner says, it is ‘more than a religion’.
“I’ve experienced some incredible highs, such as the Treble in 1999 and the Premier League and Champions League double in 2008, and lows, like losing the title with the last kick of the season last year. But that is what makes this club and this sport so compelling.”
Meanwhile, United manager Sir Alex Ferguson expressed his sadness at Gill’s departure, saying in a statement: “Him stepping down is a big loss to me but the fact that he is staying on the board encourages me.
“If I could have found a way of persuading him to stay I would love to have done that. But he has made his decision and I respect him for it.”