Ospreys boss Mike Cuddy steps down
MIKE Cuddy has stepped down as managing director of the Ospreys after close on a decade at the helm.
A key figure at the Liberty Stadium-based region since they were founded in 2003, he will relinquish his role with immediate effect and no longer have involvement in the day-to-day running of the business.
Roger Blyth, joint managing director over the past nine and a half years, and chief operations officer Andrew Hore will share the duties previously undertaken by Cuddy, who will remain as a director and shareholder.
The moves, which are understood to have come about by mutual consent, will allow the millionaire businessman more time to focus on his work interests away from rugby.
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And the Ospreys see them as an evolution of what has become a multi-million-pound operation.
A statement from the region ran: “In common with other regional sides in Wales, Ospreys Rugby has faced a significant number of challenges in the last few years, including financial difficulties, some of which have been well documented.
“Following the successful conclusion of a number of initiatives which directors and shareholders have been involved in, Ospreys Rugby can now look forward to a more stable future.
“Recognising this, and given the other commitments of some of the principal people involved in managing the organisation, Ospreys Rugby has taken the opportunity to reorganise its management structure.
“Mike Cuddy will step down from day-to-day management of the rugby operation and will also relinquish his position as a joint managing director with immediate effect. Roger Blyth and Andrew Hore will between them assume the duties previously undertaken by Mike Cuddy.
“Ospreys Rugby wish to thank Mike Cuddy for the efforts he has put in since its formation.”
The Ospreys have enjoyed success during Cuddy and Blyth’s stewardship, winning four league titles and an Anglo-Welsh Cup and becoming an acknowledged brand throughout Europe. And they remain optimistic there are bright days ahead.
“The changes announced today will lay the foundations for a more stable and prosperous future and allow the region to move forward with a high degree of confidence,” the statement added.