IOC President Thomas Bach has announced that he will step down after his second term ends next year. He has been in charge since 2013 and has introduced reforms to speed up the introduction of new sports, simplify the bidding process, and reduce costs. The IOC will hold an election for a new president in March 2025, with the new leader taking over in June.
Source: https://www.bbc.com/sport/olympics/articles/cy8x9pjjy19o