LONDON (AP) - Richard Carrion of Puerto Rico has entered the International Olympic Committee (IOC) presidential race on Wednesday.
He promised to use his business experience to guide the Olympics through the world's troubled financial times, and proposed to deploy IOC staff permanently in host cities to help organise the Games.
"We are at a crossroads," he said. "We will have to keep innovating and evolving or else we'll become less relevant. A lot of change is coming. I think I can manage in that kind of environment."
The 60-year-old banking executive, who chairs the IOC finance commission, became the third member to declare as a candidate for the most powerful job in the Olympic movement.
He follows IOC vice-presidents Thomas Bach of Germany and Ng Ser Miang of Singapore in formally announcing bids to succeed Jacques Rogge, who steps down in September after 12 years as IOC head. Wu Ching-kuo of Taiwan, head of the international amateur boxing association, is due to announce his candidacy on Thursday.
Former pole vaulter Sergei Bubka of Ukraine is expected to follow soon, and Denis Oswald of Switzerland is also likely to run and complete a six-man field.
The election will be held on Sept 10 in Buenos Aires.