Rangers will appoint former Motherwell director Stewart Robertson as their new managing director.
The Ibrox outfit have been operating without a senior executive since former CEO Derek Llambias was axed after Dave King's boardroom coup in March.
Robertson, who stepped down from his role as Well's club secretary in January after Les Hutchison completed his Fir Park takeover, will assume control of the day-to-day affairs at Ibrox while Johannesburg-based King concentrates on his business interests back in South Africa.
The qualified chartered accountant was invited to join the Steelmen's board by former club owner John Boyle after impressing him with his role at Boyle's private investment firm The Hamilton Portfolio.
The Glasgow University graduate had previously worked for PricewaterhouseCoopers and Ernst and Young.
Meanwhile, a majority of Rangers shareholders have voted against Mike Ashley's demand that the club immediately repay a £5m loan paid out by his Sports Direct empire.
The Newcastle United owner, who also holds a 8.92 per cent stake in Gers, called a general meeting at Ibrox on Friday, but shareholders backed chairman King's board - who urged them to turn down Ashley's resolution - as 53.64 per cent of those taking part voted against the tycoon.
However, a second resolution, this time proposed by the club, which called for Sports Direct's controversial retail deal with the Scottish Championship outfit to be renegotiated on a "fair and reasonable" basis was backed by 62.5 per cent of shareholders.
Turnout for both votes was around 78 per cent.