Australian Bob Elphinston was elected the new president of the International Basketball Federation, replacing outgoing president Carl Men Ky Ching, FIBA announced Tuesday.

The 64-year-old Elphinston, who was elected for the term 2006-2010, said he is excited about the challenges facing international basketball.

"Basketball is at an exciting level as the second most played team sport in the world," said Elphinston. "My role as president gives me the chance to directly assist a great sport grow even more."