Peter Moore will replace Ian Ayre as Liverpool CEO, the Premier League side announced on Monday.
Liverpool confirmed last March that Ayre will vacate his role at the end of his contract, which expires in May.
Reds reach new level of embarrassing
And Liverpool have turned to Moore, who is currently chief competition officer at Electronic Arts (EA).
The 61-year-old will begin his new role in June, reporting directly to Liverpool owners Fenway Sports Group.
Peter Moore appointed as #LFC 's chief executive officer.
— Liverpool FC (@LFC) February 27, 2017
Full statement: https://t.co/cXj29GwRS4 pic.twitter.com/pKgiULrgGB
Moore's appointment came after Liverpool's forgettable 3-1 loss at struggling Premier League champions Leicester City.
Liverpool have lost three of their past five matches to sit fifth in the table, only a point ahead of rivals Manchester United, who have a game in hand.