Despite earning his place on the board through the Supporters Trust, Steve has become a valuable commodity in his own right, due to his expertise in law.
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Thompson will now act as a Figure head for the board, though he will NOT be responsible for funding the club in the way Chairmen of other clubs are.
It is the first time Notts County has had a supporter as Chairman since the 1960s, which can only be great news for the club.
With a vastly experienced former England and Premiership manager in Howard Wilkinson alongside Thompson on the board, it's clear that the club is taking great strides forward off the field.
NCM would like to wish Steve all the best in his new role.
To view NCM's recent interview with Thompson and Trust Chairman Keri Usherwood, click here.