Layhoon Chan has assumed the Valencia presidency, after Amadeo Salvo departed the role due to his ill father.
Valencia president Amadeo Salvo quit the La Liga club on Wednesday, due to "personal and family reasons."
Salvo departs the club along with sports director Francisco Rufete, secretary Fabian Ayala and five others, with the former's exit reportedly due to his father's battle with cancer.
The 48-year-old said he felt he had improved the Mestalla club's fortunes in recent times, with Valencia back in the UEFA Champions League for the first time since 2013.
"Two years ago the club was definitely worse off than now," Salvo said in a statement.