Arsenal majority shareholder Stan Kroenke has paid tribute to departing chairman Peter Hill-Wood.

Arsenal have announced the appointment of Sir Chips Keswick as the successor to Hill-Wood as the club's chairman.

Kroenke said: "Peter has been a wonderful custodian of this club.

"He has been a member of the Arsenal board for 51 years and his vision and steadfastness have been central to the successes of this great club over that time.

"Peter will be sorely missed but we will be ensuring we recognise his many contributions to the club in an appropriate way."

On the new appointment, Kroenke added: "I am delighted that Sir Chips has agreed to become chairman.

"He has a well-respected track record in business and he will provide further direction and support in our ambition to compete at the top of the game here and in Europe and to win trophies."