Rangers confirms Wallace as new chief executive Graham Wallace, the former chief operating officer at Manchester City, was today confirmed as the new chief executive at Rangers. The Glasgow club said Wallace, who is from Dumfries and qualified as a chartered accountant with Ernst & Young in 1986, takes up the vacant role with immediate effect and will be seeking re-appointment at its annual meeting on 19 December. Acting chairman David Somers said: "His appointment is the successful culmination of a thorough and independent selection process which attracted a number of high calibre candidates. Graham's previous success and his strong financial background in football will be beneficial to lead Rangers to continued future success. Wallace joined Manchester City as chief financial officer in March 2009 and was promoted to chief operating officer in October 2010, before leaving the club at the start of this year. He was previously senior vice-president and chief financial officer of sports and entertainment media company IMG. He said: "I am honoured to have been selected as chief executive of Rangers. I am looking forward to meeting the challenges and leading the club to ensure that its off-pitch success matches the performance of the team.