Long-time president Uli Hoeness announced his retirement after almost half a century at the club as a player, general director and president on the same day the Bavarians appointed another successful former player to succeed current CEO Karl-Heinz Rummenigge.

Kahn, who won eight league titles between 1994 and 2008 with the Bavarians, signed a five-year contract after the board voted unanimously in favour of the move in Thursday’s meeting.

Kahn said “It is a great honour to initially become a member of the board and then take over the chairman role at Bayern Munich. I am deeply linked with the club that has marked my life considerably.”