Mark Taber, Andrew Clayton and Gene Schneur will become new members of the board of directors, Patrick Stewart remaining as managing director.
Current members of the Board of Directors Fraser Thornton, John Halsted and George Taylor will stay on Graeme park, Julian Wolhardt and Alastair Johnston.
Cavenagh said: “We are deeply grateful for the trust imposed on us by the Rangers Council, shareholders, staff and supporters.
“The history and traditions of this club speak for themselves, but history does not win the games. We know that the real way to honor the legacy of the club will be to stimulate performance.
“Our goal is simple: to raise performance, to provide results and bring the rangers back to its place – above.”
Cavenagh and Marathe, president of the 49ers Enterprises, “will supervise all aspects of the club” with the new sports director Kevin Thelwell officially started her role on Monday.
The Rangers are in the last stages of their search for a new head coach, with Real Madrid assistant at the start Davide Ancelotti And the former boss of Southampton, Russell Martin, understood the main candidates.
Marathe said: “In 49ers Enterprises, we have built a sporting and commercial success assessment, but our driving motivation is our deep link with the clubs and communities that we serve.
“We are delighted to join Andrew and our other consortium of investors in a new era for this emblematic club and we are determined to build something whose supporters can be proud for the years to come.”
The chief executive, Stewart, said: “According to my first conversations with Paraag and Andrew, I was excited and confident in the shared vision and what it could mean for the future of the Rangers.”
Thornton added: “I also want to recognize our main shareholders whose support brought the club to this stage, the vast majority of which chose to reinvest in the club and continue with us on the next stage of the trip.”
