Ed Chorlton has stepped down from his post as Exeter City chairman.
A statement on the club's website at 2.30pm today (Friday) said: "Edward Chorlton OBE has decided to stand down as Chairman of Exeter City AFC with immediate effect following speculation in the press.
"Mr Chorlton wishes Exeter City well in the future.
"He says the club has a professional board of directors, an outstanding manager, a very talented young team, and a group of hard working staff.
"He thanks them for their support and friendship over the last four and a half years and wishes the club and its dedicated supporters a very successful 2014/15 season."
Chorlton took over as chairman in December 2009 but the Express & Echo reported two weeks' ago that his future was in doubt after the Supporters' Trust, the majority shareholder of the club, had placed a vote of no confidence in him at their board meeting on July 8.
