Sir Bert Millichip served as Albion chairman from 1974 to 1983, after which he chose to concentrate on his role as chairman of the Football Association. In 1996, the club became a public limited company, issuing shares to supporters at £500 and £3,000 each, under the Chairmanship of Paul Thompson. The shares were quoted on the Alternative Investment Market, but the club withdrew from the stock exchange in order to become a private company again in 2004. The name of the company thus reverted from West Bromwich Albion plc to West Bromwich Albion Limited, the latter becoming a subsidiary of West Bromwich Albion Holdings Limited. Jeremy Peace took up the post in 2002, after a rift between previous chairman Paul Thompson and manager Gary Megson forced Thompson to quit the club.