Aberdeen FC appoints board director Dave Cormack as vice-chairman
Thursday December 13th 2018 at 6:37 AM
Major shareholder Dave Cormack has been appointed vice-chairman of Aberdeen FC.
The current club director, who splits his time between the Granite City and Atlanta in the US, joined the board 18 months ago after making a substantial investment in the Dons.
It follows the resignation of George Yule as vice-chairman earlier this year after a health scare.
Since then, the lifelong fan has made further investments in the club and this, along with additional money from US businessman Tom Crotty, has taken the funds raised for the first phase of a community sports campus training facilities and new stadium at Kingsford to £8.5 million.
He has also brought further investment from contacts in the US and is behind a drive to market the club in North America – identifying it a growth market that footballing titans like Bayern Munich and Barcelona will expand into over the next decade.
This drive could be used as a way to funds the new stadium at Kingsford, once the training ground is built.
The development, on the western-most boundary of Aberdeen, still faces a legal challenge from protestors who are unhappy it is being built on land previously designated as green belt.
The businessman previously served as interim chief executive of AFC between 2001 -2003.
Mr Cormack said: “I’m honoured and proud to take up the role of vice chairman at the club I’ve loved all my life.
“We’ve made some remarkable progress in the last year or so, particularly in relation to our marketing and commercial activities and also in getting planning consent for Kingsford, along with securing the bulk of the funds for phase one.
“It’s clear we’ve still got some real challenges ahead if we are to achieve our ambitions on and off the pitch, but we’re in a healthy position to maximise our potential with a winning team, further investment, strategic partnerships here and in the US and a growing and more engaged fanbase.”
Mr Cormack was at the helm of a healthcare software company, Brightree, before selling it to major New York Stock Exchange listed company ResMed for $800 million.
He is currently chairman of a dental software firm and on the board of acompany specialising in medical records software, while investing in other tech firms too.
Along with wife, Fiona, the club’s new vice-chairman founded the Cormack Family Foundation, a charitable trust which works with a range of charities and initiatives largely in support of young people and children around the world.
Mr Cormack is an ambassador for humanitarian organisation Children International and an honorary executive fellow of Aberdeen University’s Business School.
Chairman Stewart Milne welcomed him to his latest job, saying: “This is testament to and acknowledgement of Dave’s contribution to the club over the last 18 months.
“He’s been a great partner to me, bringing a fresh perspective, innovation and business acumen which have enabled us to further strengthen the club’s commercial performance.
“Equally, his passion and shared ambition for the Community Trust have enabled us to deliver new initiatives, including the partnership with US-based Grassroot Soccer, the first of its kind in the UK, to roll-out a football-inspired education programme for young people around mental health.
“Despite being based in the States, Dave is a passionate and committed board director, who has provided huge support to me personally and to his fellow board directors as well as the sales and marketing team within the club.
“Having played a key role in appointing Rob Wicks, Dave has supported him in the design and implementation of campaigns and initiatives which are transforming the way we do things and allowing us to maximise our potential at home and overseas.
“The club is incredibly fortunate to have Dave and it is only right and fitting that his contribution is recognised through this appointment.”