Hayward joined Town back in 1982 when the club were sat three levels below the Football League.
He has played a big role in helping establish the Robins to where they are today, including a 13-year spell as chairman before current incumbent Paul Baker who took over in 1997.
In recent years Hayward has managed the club`s finances, something which will now be undertaken by Tim Kent, a recent addition to the club`s board.
Source: PA
Source: PA