Norwich City have confirmed Wolves chief executive Jez Moxey will replace David McNally as the Canaries' new CEO.

Moxey will officially start his new role once he has overseen a takeover at Molineux by Chinese group Fosun International. The 53-year-old was previously the chief executive at Stoke but during his 16 years with Wolves the West Midlands club twice won promotion from the Championship and Moxey was also key figure in an ambitious ground expansion at Molineux and upgrade to the training complex.

Moxey also represents the Championship on the board of the English Football League (EFL) and the EFL on the board of The Football Association.

'We're absolutely delighted to be welcoming Jez on board to lead this great football club into the next chapter of its 114-year history,' said Norwich chairman Ed Balls, speaking to the club's official site. 'We've conducted the very best and most thorough search for the right person to help us take the club forward and Jez, with his wealth of football experience and business acumen, was the stand-out candidate from an extremely strong shortlist.

'He is a very astute and highly-regarded operator within the game and has all the attributes and skills needed to embrace the immediate challenge of helping us to get back to the Premier League as a successful and vibrant club, on and off the pitch.

'Meanwhile, until Jez formally takes up his duties with us, Steve Stone will continue as interim chief executive. The board would like to place on record our sincere gratitude for the excellent job Steve has done leading the club through this period of transition.'