Richard Arnold (executive)
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Richard Arnold (born 26 April 1971) is a British
accountant An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certif ...
who was chief executive officer of
Manchester United Manchester United Football Club, commonly referred to as Man United (often stylised as Man Utd) or simply United, is a professional association football, football club based in Old Trafford (area), Old Trafford, Greater Manchester, Engl ...
. He succeeded Ed Woodward in this role on 1 February 2022.


Education

Arnold was educated at
King's School, Chester The King's School, Chester, is a co-educational private day school for pupils aged 4 to 18. It is one of the seven 'King's Schools' established (or re-endowed and renamed) by King Henry VIII in 1541 after the Dissolution of the Monaster ...
and the
University of Bristol The University of Bristol is a public university, public research university in Bristol, England. It received its royal charter in 1909, although it can trace its roots to a Merchant Venturers' school founded in 1595 and University College, Br ...
in the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
, earning a
Bachelor of Science A Bachelor of Science (BS, BSc, B.S., B.Sc., SB, or ScB; from the Latin ') is a bachelor's degree that is awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Scienc ...
in
Biology Biology is the scientific study of life and living organisms. It is a broad natural science that encompasses a wide range of fields and unifying principles that explain the structure, function, growth, History of life, origin, evolution, and ...
in 1993. He qualified as a Chartered Accountant in 1996. He currently serves as a
governor A governor is an politician, administrative leader and head of a polity or Region#Political regions, political region, in some cases, such as governor-general, governors-general, as the head of a state's official representative. Depending on the ...
of King's School.


Career

Arnold joined
PricewaterhouseCoopers PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, alon ...
(PwC) in 1993, working as a senior manager in telecommunications and media. While at PwC, he worked on the privatisation of Saudi Telecom Company and was involved in the successful
initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...
of Orange Telecommunications in the UK. After six years at PwC, Arnold joined Global Crossing Europe Ltd., a global
telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...
company, and assisted them with their restructuring of the business between 1999 and 2002. Arnold was appointed Deputy
Managing Director A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
of InterVoice Ltd. in 2002, with responsibility for the international channel sales and marketing division of the technology company (InterVoice Inc.), listed on the
Nasdaq The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...
stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for ...
. In 2007, Arnold joined Manchester United as group commercial director. He was promoted to group managing director and director of Manchester United PLC on 1 July 2013, assuming control of the club's business operations, after Chief Executive David Gill was replaced by Executive Vice-Chairman Ed Woodward. Arnold sat on the board of Manchester United Television (MUTV) and Manchester United Merchandising Limited. During his time at the club, he was instrumental in growing the global appeal of the Manchester United brand, opening commercial offices in
Mayfair Mayfair is an area of Westminster, London, England, in the City of Westminster. It is in Central London and part of the West End. It is between Oxford Street, Regent Street, Piccadilly and Park Lane and one of the most expensive districts ...
(
London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
),
New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
and
Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
. Arnold oversaw the signing of a number of lucrative sponsorship contracts, including a world record seven-year US$600 million kit sponsorship deal with
General Motors General Motors Company (GM) is an American Multinational corporation, multinational Automotive industry, automotive manufacturing company headquartered in Detroit, Michigan, United States. The company is most known for owning and manufacturing f ...
/
Chevrolet Chevrolet ( ) is an American automobile division of the manufacturer General Motors (GM). In North America, Chevrolet produces and sells a wide range of vehicles, from subcompact automobiles to medium-duty commercial trucks. Due to the promi ...
(2014), and a $1.3 billion sports equipment deal with
Adidas Adidas AG (; stylized in all lowercase since 1949) is a German athletic apparel and footwear corporation headquartered in Herzogenaurach, Bavaria, Germany. It is the largest sportswear manufacturer in Europe, and the second largest in the ...
over 10 years (2015), the most valuable in sporting history at the time. Manchester United announced his departure from the club in November 2023. Arnold was nominated as a finalist by the
Institute of Directors The Institute of Directors (IoD) is a British professional organisation for company directors, senior business leaders and entrepreneurs. It is the UK's longest running organisation for professional leaders, having been founded in 1903 and inco ...
for the Young Director of the Year in 2004 and 2005 for his work at InterVoice. In 2011, he was nominated for the SportBusiness International Magazine's Sports Innovator of the Year, for his commercial achievements with Manchester United.


References

{{DEFAULTSORT:Arnold, Richard 1971 births Living people English accountants English bankers 21st-century English businesspeople Alumni of the University of Bristol Manchester United F.C. directors and chairmen