MUNICH: Bayern Munich is grooming former goalkeeper Oliver Kahn to be its future chairman and CEO.

The German champions say Kahn has been appointed to the executive board on a five-year contract starting in January. He won't take over as chairman and CEO until Karl-Heinz Rummenigge's contract expires on Dec. 31, 2021.

Bayern president Uli Hoeneß says the club picked Kahn for his mix of sports and business expertise, and "with an eye on the future, we are convinced that Oliver Kahn is the perfect solution."

Kahn won eight Bundesliga titles during 14 years with Bayern. Since retiring in 2008, he has studied for an MBA and started his own business.