The International Boxing Association (AIBA) named its longest-serving Vice President Gafur Rahimov as its new Interim President on Saturday. He was appointed according to the statues of AIBA, following the unexpected resignation of Interim President Franco Falcinelli at the Extraordinary Congress held in Dubai. It was attended by 109 National Federations, including USA, Russia, France, China, Brazil, South Africa and Cuba.

The one-day Congress was called to address allegations of mismanagement under former president CK Wu. A vote to name Wu as Honorary President was rejected by an absolute majority.

Interim President Rahimov pledged to restore financial stability and transparency to AIBA.

“We must work closely with National Federations and with the International Olympic Committee to restore confidence in AIBA’s financial management and in its integrity,” he said. “This means greater transparency and improved corporate governance of AIBA, together with independent audits that are conducted in the light of day and not hidden from the AIBA Executive Committee and NFs as happened last year.”

Mr. Rahimov said he would work together with Falcinelli to continue the work of reform and restructuring undertaken so far. Rahimov said he had “great confidence in the talents of Franco Falcinelli”, who was named Executive Vice President and who will also be in charge of developing a New Foundation Plan for AIBA for 2018 and beyond.

Mr Falcinelli congratulated Mr Rahimov’s confirmation as Interim President by the AIBA Executive Committee. “He is a great ambassador for the sport. I am confident that he will provide the leadership to restore AIBA to greatness,” Mr. Falcinelli said.

Mr Rahimov also named Tom Virgets, current Chairman of the AIBA Disciplinary Commission, as AIBA’s new Executive Director.

“Now is the time for us all to unite,” Interim President Rahimov said to the 250 delegates attending the Congress. “Our greatest responsibility must be to the millions of fans around the world who love boxing and want to be inspired by world-class boxing. We owe it to the fans to make boxing great again.”