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.