Uli Hoeness is to step down as Bayern Munich president but will stay on the club's board, the Bundesliga champions have confirmed.
Weeks of speculation have surrounded the future of the 67-year-old and it was confirmed on Thursday that he will not stand for re-election in November.
Former Adidas chief executive Herbert Hainer has been nominated by Hoeness to take over and this decision has been unanimously backed by Bayern's advisory board.
Editors' Picks
Hoeness will remain in the post until the club's next annual general meeting, which is set for November 15.