Michael has stepped down from his top job at Ulster Rugby.

Ulster Rugby's chief executive Michael Reid is stepping down after 12 years in the top role at Ravenhill.

Reid joined the Ulster Branch (IRFU) in the early days of rugby professionalism and initially guided them through some difficult times.

"I am greatly fulfilled by the career I have had at the helm of the Ulster Branch," said Reid.

"But I feel the time is now right for me to step down and pursue other interests."

Reid, who was the first of Irish rugby's chief executives, has been under increased pressure over the past few seasons over the province's finances.

The failure to reach the big-money stages of European competition, and escalating players' wages, have seen Ulster slip into the red.

Reid was at the helm when Ulster shocked the rugby world by winning the European Cup back in 1999. That was quickly followed by Celtic Cup success in 2004 and the League title two years later.

"We have achieved a great deal in establishing a successful Ulster rugby brand, have enjoyed Celtic and European success on the pitch, and the game generally across the province is in a healthy state," said Reid.

"I wish to thank the officers and committees of the Branch and the Union for the opportunity to hold this position and for their support over the years."

Michael's commitment, dedication and expertise have enabled Ulster to achieve significant successes Branch President Cecil Watson

Cecil Watson, president of the Ulster Branch (IRFU) said: "I wish to pay tribute to Michael Reid for the considerable contribution he has made to professional and domestic rugby in the province.

"Michael's commitment, dedication and expertise have enabled Ulster to achieve significant successes during a demanding transition to professional rugby."

IRFU Chief Executive Philip Browne said: "Michael Reid has made a significant mark as a leading administrator in Ulster and Irish rugby.

"He pursued his duties as Ulster Branch CEO with great dedication over the challenging period as the professional game evolved and he can take great personal credit for the achievements of Ulster rugby, on and off the playing pitch."

Reid is believed to be officially leaving at the end of October. The IRFU and the Ulster Branch will be advertising for a replacement within the next couple of weeks.

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