Newly-elected International Olympic Committee (IOC) President Thomas Bach has stepped down as the President of the German Olympic Sports Confederation (DOSB).
He will be replaced by 72-year-old Hans-Peter Krämer who will takeover as acting DOSB President until a new President is elected. He was previously Vice President of Economics and Finances.
The election for a new DOSB president will occur at a General Assembly on Dec. 7th in Wiesbaden or in December 2014 when the term for the whole board ends.
Bach, voted in by a wide margin at the IOC Session last week, also stepped down as head of the Ghorfa Arab-German Chamber of Commerce and Industry, a position that caused a stir prior to the vote due to the open support of Kuwait's influential IOC member, Sheik Ahmad Al-Fahad Al-Sabah. He also stepped down as Chairman of the Chamber of Appeals of the Court of Arbitration for Sport (CAS).
"More resignations will follow in the coming days," a German Olympic Sports Confederation (DOSB) official said.
The 59-year-old, who became the first German to lead a major international sports organization, was the founding president of the DOSB after the merger of the former German Olympic Committee and the German Sports Confederation in 2006.