The chairmen of the Premier League's 20 clubs endorsed Corporate financier Anthony Fry appointment at a meeting on Friday. Bruce Buck from Chelsea, along with Stoke's Peter Coates, Manchester United's David Gill and former Blackburn chairman John Williams, led the recruitment process.
Fry will succeed Sir Dave Richards as chairman of the Premier League in June who is stepping down from the position he has held since April 1999.
Chelsea chairman Buck said Fry had the "correct blend of experience, skills, attitude and demeanour to represent the best
interests of the Premier League".
Fry was described by the Premier League as a "keen spectator" at matches involving champions Manchester United.
His appointment means that two of the key people who run English football, the others being Greg Dyke, who takes over as Football Association chairman this summer means it is all change as the new Financial Play rules come into force.
Fry praised the achievements of the Premier League, and added: "I am looking forward immensely to helping the clubs and the executive improve on what is already an incredibly successful competition and business."