Rangers say they “did not get this right” with Russell Martin’s appointment, a day after the head coach was sacked.
In an open letter from chairman Andrew Cavenagh and vice-chairman Paraag Marathe, the pair explained “it’s our responsibility to fix it and get us back on track”.
“A rigorous, thoughtful recruitment process is already underway, and we are treating it with the urgency it deserves,” Cavenagh and Marathe wrote.
“The two of us are deeply involved, and the evaluation will have our full attention until we are confident we have a leader with the character and skillset to deliver results.
“Moving forward, we are fully confident in our players, who possess the talent and determination to succeed.
“Change is never easy. But we are not deterred by hard work – in fact we see a great opportunity ahead. The season is not over and we have plenty to play for in all four competitions. Together we are committed to delivering the performances and results that you can be proud of.”
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