He will serve a three-year term with immediate effect.

The Foundation is the official charity of the Premier League club and seeks to benefit the local community.

"As a Palace fan for 45 years, I’ve always been an admirer of the work the club does in the South London community," Warner said.

"Through the good times and bad, the Foundation has always been there to help young people. 

"I’m looking forward to working with the Foundation team and the club to play my part in developing the charity as a force for good in South London."

Warner, whose background is in the financial services industry, also serves as co-head of the Organising Committee of the this year's International Association of Athletics Federations World Championships in London. 

Richard Bowker, a former chief executive of National Express Group and former chairman and chief executive of the Strategic Rail Authority, has already been confirmed as the "chair-elect" of UK Athletics and is due to replace Warner in January 2018.

Warner will replace Crystal Palace Football Club Foundation current acting chair Steve O'Connell.

"I’m delighted that Ed has agreed to accept the invitation of the trustees and join our Foundation as chairman," said Crystal Palace chairman Steve Parish.

"I believe it will be a great benefit to the Foundation, club and most importantly the community to have someone of Ed’s standing and experience to ensure that our goals of helping and inspiring everyone but particularly the young people of South London are as effective as possible."