Former goalkeeper Oliver Kahn is set to take as the new Bayern Munich CEO.
The club chief executive officer Karl-Heinz Rummenigge is retiring from the club six months earlier than expected.
He will be replaced by former goalkeeping great Oliver Kahn.
Rummenigge made the request to step down from his position on June 30.
He will not step down on December 31 as originally planned.
“It is the most strategically sensible and logical time,” the 65-year-old Rummenigge said.
“We’re coming to the end of the financial year, and at the same time a new phase is beginning with a new coaching team.”
“The new season should be the responsibility of Oliver Kahn as the new CEO right from the start.”
Bayern will start the new season with former Leipzig coach Julian Nagelsmann in charge of the team.
Nagelsmann is taking over from Hansi Flick.
Flick left after leading Bayern to back-to-back Bundesliga titles.
He will take over the Germany team after the European Championship.
Rummenigge to continue with UEFA tasks
Rummenigge will continue to have a say in European soccer for the next three years.
He retains his seat on UEFA’s executive committee which he took in April.
He replaced Juventus president Andrea Agnelli, who stepped down amid the turmoil of the Super League plan.
Rummenigge, a former striker scored 162 goals in 310 Bundesliga appearances for Bayern.
He became vice-president of the club in 1991.
Since becoming CEO in 2002, Rummenigge has helped the Bavarian club increase turnover from 176 million euros ($215 million) to 679 million euros ($830 million).
The public limited company behind Bayern posted a profit in every financial year during the period.
He build reserves rarely seen in debt-ridden European soccer.
“Together with (former club president) Uli Hoeneß, he shaped FC Bayern into one of the best clubs in elite international football – both in sporting and economic terms,” Bayern president and supervisory board chairman Herbert Hainer said.
Bayern won the Champions League twice (in 2013 and 2020) as well as 14 Bundesliga.
They also won 10 German Cup titles while Rummenigge was chief executive.
Who is Oliver Kahn?
The 51-year-old Kahn is being entrusted with ensuring the successes continue.
He joined Bayern’s supervisory board in 2019 with a view to becoming CEO in 2022 but will now take over on July 1.
“In the past 18 months, I have become acquainted with all facets of the club and know very well how FC Bayern works and what challenges lie ahead,” Kahn said.
Kahn joined Bayern from Karlsruher SC in 1994 and went on to win eight Bundesliga titles, six German Cups, and the Champions League in 2001.
He made 86 appearances for Germany, winning the European Championship in 1996 and finishing World Cup runner-up in 2002.