James Bisgrove has already started a "wide-ranging transformation" of Rangers.

The new CEO made the admission in thanking academy director Craig Mulholland for his efforts as it was announced he is leaving his position at the end of the season.

It continues the significant change that has already seen chairman Douglas Park, managing director Stewart Robertson and sporting director Ross Wilson leave Ibrox.

And Bisgrove has outlined who will be driving the appointment of Rangers' next youth supremo as his radical overhaul continues at pace.

Bisgrove said: “On behalf of the board, I would like sincerely to thank Craig as he moves on, having transformed our Academy into one which is on a par and even exceeds many clubs in Europe’s biggest leagues. 

“Craig will leave the club with a fantastic legacy, which includes the professionalisation of our women’s programme, being the leader on B Teams being introduced into senior Scottish football, creating our Boclair Academy performance school and having brought in over £15 million in Academy player sales in the last five years.

“Together with Michael Beale, John Bennett and the Board, I will now lead a thorough process to identify his replacement, as we continue a wide-ranging transformation of all areas of the football club.”

Mulholland will leave after two decades of service to the club he grew up supporting as a boy. He admitted it's time for a new challenge after eight years leading the Academy.

He commented: “I have loved my 20 years working at the club that I had grown up with, and, in particular, the last eight leading our Academy, B Team and women’s teams. However, in all leadership positions, sometimes knowing when the right time to move on is as important as deciding which opportunities to take. 

“My successor will inherit some fantastic people, working passionately to deliver on a clear strategic vision, underpinned by strong processes and modern, innovative methodology.  They will also inherit some outstanding young talents which will lead to an exciting future for the club and the Academy over the next few years.

“I am immensely proud of all we have achieved, and I would like to thank John, Stewart, James and all of the current and previous board members for their fantastic support and wish Michael and his staff the very best for the future. Above all, I would like to thank each and every one of the young players who drive our motivation and energy every single day.”