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.
Herbert Hainer was nominated by Hoeness to take over and this decision has been unanimously backed by Bayern s advisory board.
Hoeness will remain in the post until the club s next annual general meeting, which is set for November 15.
Bayern confirmed in a statement that Hoeness will continue as a member of the Supervisory Board for the duration of his appointment through November 2023 .
Hoeness, who was a forward in his playing days, won a trio of Bundesliga titles and three European Cups with Bayern before taking up a backroom role after retirement.
In 2014, he served a jail term for tax evasion, but he was re-elected as Bayern s president after his release from prison three years ago.
Uli Hoeneß steps down as club president.
Herbert Hainer nominated as his successor.
More on this to follow.
— FC Bayern English (@FCBayernEN)