Oliver Kahn To Replace Karl-Heinz Rummenigge As Bayern Munich Chairman

Karl-Heinz Rummenigge will step down after 30 years in the club's hierarchy at the end of this month with Oliver Kahn taking over as Bayern Munich chairman.

After 30 years in charge of Bayern Munich, Karl-Heinz Rummenigge will step down as chairman at the end of the month and be replaced by former Germany captain Oliver Kahn, the Bundesliga giants said on Tuesday. Rummenigge had been due to see out his contract which expires at the end of 2021, but is leaving six months early to meet the end of the financial year on June 30. "It is strategically the most sensible and logical point in time," said Rummenigge, 65, with Kahn, 51, to be Bayern's chairman when the new season starts in August. "It is a farewell with satisfaction and pride. That was important to me," he added. Rummenigge's departure will herald a new era at Bayern for the start of next season with Julian Nagelsmann, 33, also replacing Hansi Flick as coach for the campaign. Rummenigge joined the club's management in 1991 as vice-president and then became chairman in 2002, overseeing an incredible period of success.