Club statement: Tom Fox
Chairman Steve Hollis said "The Board would like to place on record its appreciation to Tom for his many contributions and commitment over the last 18 months. While the results this season have been disappointing he and his team have worked hard to put in place many changes necessary to put the Club on a more sustainable path for the future. He leaves with our best wishes for the future."
Tom Fox said: "Joining Aston Villa was a huge privilege for me and while I'm bitterly disappointed by results this season, watching the Club compete at Wembley in the FA Cup Final last year is a memory I'll cherish. I'm appreciative to the Board and the owner for the opportunity to help put Villa back on a solid footing and able to compete in the most competitive sports league in the world. Aston Villa is a proud and storied Club which deserves to be among the elite in Europe and I have every confidence that it will once again find its way back.
"Regarding my resignation, the owner made it very clear last summer that he and I would seek to recruit a Board that would put the Club in a stronger position in the event that a sale didn't happen. As the Board has taken shape, however, it has become clear that my role also has changed. While I am supportive of where the Board is trying to take the Club, it is my feeling that given the changes they are making, it makes sense for me to seek another challenge. I have accepted the Board's invitation to remain available during a period of transition to ensure a smooth handover.
"I would like to thank the many among the Villa family that have been very kind with their time and support and generous to me on a personal level during my time with the Club. You know who you are and you know how I feel. In the end I came to work at Aston Villa because I saw a special opportunity to help a Club in need and like many supporters, I feel as if the Club actually chose me."
The Board will now commence its search for a permanent replacement. In the interim Steve Hollis will become the Executive Chairman.