Mr Thomas Bach has been elected as the new President of the International Olympic Committee. The 59-year-old German lawyer and former fencing gold medallist replaces 71-year-old Jacques Rogge, who is standing down after 12 years in charge. Bach was the favourite of the six candidates considered for the post in Buenos Aires.He begins an eight-year term as president, with the possibility of a second, four-year, mandate. He will be the ninth president in the 125-year history of the IOC.