DUNDEE chairman and director Bill Colvin has stepped down from both roles in order to concentrate on his other business interests.

A shareholder along with his wife Pam since 2011 and chairman for the past two years, Colvin will be succeeded as a director by Tim Keyes, subject to his passing the SFA's fit-and-proper-person test.

"The football club is in a much better financial position and a more stable managerial position than it was when Pam first got me involved back in late 2010, early 2011," Colvin said on the Dundee website yesterday. "This season's top-six SPFL finish is where this club should be and I was delighted to see all the hard work done by [managing director] John Nelms, [manager] Paul Hartley and the rest of the team at Dens Park paying off for the fantastic Dee fans."

The club added: "Bill has a large and varied number of business commitments both in the UK and overseas which have greatly restricted his time availability for the football club." His shares have been acquired by other members of the Football Partners Consortium.