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The move was siad to be to freshen up the Derby County boardroom and more changes are expected shortly.
Peter Gadsby was hailed as the saviour of the club when he took over as Chairman after the long years of decline under the Jeremy Keith consortium.
Peter rescued Pride Park, the Moor Farm Academy facility and sank money of his own together with four other local businessmen to start the long road to financial safety.
Having achieved so much for the club in just a short space of time Peter Gadsby now leaves the clubs board in a far better position than when he found it, something that Club Owner and President Andrew Appleby has not overlooked in his praise for what Peter has done for Derby County.
Now Peter Gadsby can sit back relax and watch Derby County play football safe in the knowledge that he did his bit for his team...