MUNICH — Russian billionaire Vladimir Lisin has been elected in a close vote to lead shooting’s world governing body, the ISSF.
The ISSF says Lisin won a 148-144 vote over Luciano Rossi of Italy on Friday. Both were ISSF vice-presidents.
Lisin is the shooting body’s first new president in 38 years, succeeding Olegario Vazquez Rana of Mexico.
Forbes lists Lisin, a steel magnate, as Russia’s richest man with an estimated wealth of $19.1 billion. He is a member of the International Olympic Committee marketing committee.
Lisin joins fencing president Alisher Usmanov as wealthy Russian businessmen running Olympic sports federations.
Rossi was a candidate after serving a 20-week ban this year for breaking ISSF ethics rules. The original three-year ban was cut by the Court of Arbitration for Sport.
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