Overview
- Thomas Bach will formally hand over the IOC presidency to Kirsty Coventry on June 24, capping his two-term service since 2013.
- The IOC’s annual report shows Bach earned $350,000 in 2024, marking a 10% increase following pay freezes in 2022 and 2023.
- Bach’s indemnity amounts to just 12%–15% of the compensation awarded to soccer leaders, with FIFA’s Gianni Infantino earning $5.2 million and UEFA’s Aleksander Čeferin $4.3 million last year.
- Kirsty Coventry, a two-time Olympic swimming champion and former Zimbabwean sports minister, becomes the first female and first African to lead the IOC.
- The IOC has not yet determined whether Coventry will receive a formal salary or serve in a volunteer capacity under its ethics guidelines.