Bill Kenwright will remain on the Everton board after owner Farhad Moshiri said the long-standing chairman has a vital role to play in the "important period of transition" at the club.
Following the departures of chief executive Denise Barrett-Baxendale, chief finance officer Grant Ingles and non-executive director and former striker Graeme Sharp last week, the future of long-serving chairman Kenwright appeared in doubt.
However, Everton owner Farhad Moshiri revealed on Friday morning that Kenwright had accepted his request to remain at the club and help them through a period of transition.
Moshiri said in a statement on Everton's website: "I wanted Bill to remain as our chairman during this important period of transition for the club and I am delighted that he has accepted my request to do so.
"Bill's knowledge and vast experience will be crucial for us as we look to reset, deliver on external investment and position Everton for a successful future."
