The Board of the Cronulla Sharks announced a decision to restructure the executive leadership of the club and appoint a new role of Group CEO across the Football club, Leagues club and upcoming property development joint venture with Bluestone.
As a result of the moves the current role of football Club CEO held by Steve Noyce has been made redundant.
The restructure comes on the back of a wide ranging review conducted led by Cronulla Chairman Damian Keogh and the Board.
"We have had a look at effective operating models of some of the top sporting clubs locally and internationally and it was apparent that we need an operating and leadership model to maximise the opportunities ahead of the club in the next few years," Keogh said.
"We have come through two of the hardest years in the history of the club and it is now time to move forward. We have considerable revenue coming to the club from our development over the next few years and must invest this wisely to ensure our long term viability in the NRL.
"I would like to thank Steve Noyce for his dedication and commitment over the past two years. His experience in guiding the club through the ASADA issue was invaluable. He leaves the club with great respect and many supporters."
The Sharks are now actively searching for a new Group CEO to lead both the leagues and football club businesses and anticipate finalising this appointment in the coming months. In the interim current Sharks Leagues Club CEO, Marcelo Veloz will fill the position of Sharks Group CEO until the search is complete.
The Board of the Sharks has been working on an industry leading governance structure and will continue to build a solid platform for growth to ensure success of the group both on and off the field.
"We are very enthusiastic about the future of the Sharks both as a successful NRL franchise and as a business," Keogh said.