Former Arsenal chief executive Ivan Gazidis takes charge at Serie A club AC Milan

Ivan Gazidis is in Singapore with Arsenal's pre-season squad

Former Arsenal chief executive Ivan Gazidis has been confirmed as the new CEO of AC Milan at a board meeting on Wednesday.

Gazidis takes charge on a deal which runs until June 30, 2020.

The 54-year-old became chief executive at Arsenal in 2008 but announced his departure in September, saying: "I know many will think this is a strange time to be leaving but I believe it is the right time for me and the club."

Franck Kessie's penalty put Milan fourth
Image: Seven-time European champions AC Milan are currently fourth in Serie A

Gazidis oversaw a period of great change at Arsenal - long-serving manager Arsene Wenger having left at the end of last season, with Unai Emery subsequently named his successor.

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He will now hope to mastermind a renaissance at AC Milan, who are fourth in Serie A - albeit 15 points behind leaders Juventus - and have not won the title since 2011.

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