| Bazin is the head of Colony Capital Europe. The American pension fund owns 62.5% of the club. The new man in charge faces the prospect of attempting to bring stability to a club with a history of crises.
Villeneuve resigned on January 24, his position untenable after sending an explosively critical letter to all the members of the club's administrative council in which he expressed concerns over the club's financial position. PSG have run a budget deficit in recent seasons.
Bazin, 47, was appointed president by the club's new administrative council on Tuesday, a body itself elected by the club's shareholders. Working alongside Bazin will be Philippe Boindrieux, given expanded responsibilties in a temporary role as director general of Paris Saint-Germain.
Bazin said: "In the coming weeks we we will be seeking out the most talented people to work with us. They must share our ambition and vision of the future of making PSG a major European club."
One of Bazin's first tasks will be deciding whether to offer coach Paul Le Guen a new contract. The Breton's current deal expires in June. Le Guen's negotiating position has been strengthened by a run of decent results which have seen PSG climb to third in the table.
Bazin said: "We will have talks with him between adults."
He added: "I'm taking a non-executive presidency role because I simply don't have the time the club needs. I'm looking for one or two people who know football and sport really well to come into the club."
>> Paris Saint-Germain club page
|