Ivan Gazidis says he is "honoured" to be the new chief executive of AC Milan.
Gazidis spoke to the club's media on Wednesday.
“It's a great honour to have been chosen to lead AC Milan into a new era as its chief executive," Gazidis said, in a message published on the club's official Twitter feed.
“I'd like to assure the club's millions of fans all over the world that I will work with my heart and soul to do the very best job that I can.
“To achieve what we all want for this great football club, the hard work starts now. It will require teamwork both on and off the pitch.
“I'm extremely excited about the opportunities ahead, and although the journey will be challenging I'm confident we can bring AC Milan back to where it belongs.