Noad quits as Bulldogs' CEO

Bulldogs chief executive Malcolm Noad today quit his position at the embattled NRL club.

Noad handed in his resignation this morning, hours before the club's new board was scheduled to hold its first meeting tonight when it was expected to discuss the under-siege CEO's future.

Noad telephoned club chairman George Peponis this morning to advise him of his decision to walk away and addressed the players after their training session at Belmore. The CEO had been under pressure since the board elections two weeks ago when members of a rival ticket were voted in and had promised to remove Noad.

"George asked me to think about it for a week but I have decided to stand down," Noad told The Daily Telegraph Online today.

"I have called a press conference for this afternoon and I will go into it in more detail then."

Noad had been with the club since 2004 and was contracted until the end of this season.

On a reported $400,000 a year salary, it is not known whether Noad has negotiated a payout.

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