Wu's decision to relinquish his IOC position ends a near 30-year association with the body, which now has exactly 100 members.

The 73-year-old Taiwanese official, who resigned as AIBA President in November 2017 following a longrunning dispute with the troubled governing body, became an IOC member in 1988.

Wu, a former member of the Executive Board, also unsuccessfully stood for IOC President in 2013 after being eliminated in the first round of voting at the Session in Buenos Aires.

He initiated the construction of several Olympic Museums and served on numerous IOC Commissions during his colourful career in sports administration.

"The IOC would like to thank Mr Wu for all the many services to Olympic sports and the Olympic Movement over so many years, and wishes him all the very best for his health, and his private and professional life," the IOC said in a statement today.

Wu served as AIBA President for 11 years from 2006 until he quit following what was described as an amicable agreement with the organisation to resolve management issues within the world governing body.

He had previously been suspended by AIBA after various allegations of wrongdoing, which he denied, were uncovered.

The Taiwanese had been blamed for financial mismanagement surrounding a "missing" $10 million (£8.3 million/€9 million) loan reached with Azerbaijani company Benkons MMC.

Wu, in turn, blamed his former executive director Ho Kim - thought to be the backer of those who engineered his removal as AIBA President - for facilitating the loan.

He later suffered a humiliating defeat in his bid to become the governing body's Honorary President after he received no votes at an Extraordinary Congress in Dubai in January 2018.

AIBA's crisis has continued since Wu's departure from the organisation, with it suspended as the Olympic governing body for the sport by the IOC last June.

While the IOC had concerns with AIBA before Gafur Rakhimov succeeded Wu on a permanent basis in November 2018, his election sparked an inquiry which led to AIBA being stripped of any involvement in organising the boxing tournament at Tokyo 2020.

Wu served on the IOC Executive Board for five years between 2012 and 2017, and is also a former vice-president at the Association of Summer Olympic International Federations.

He was part of the Coordination Commissions for Beijing 2008, Rio 2016 and Beijing 2022, and has chaired the Culture and Olympic Heritage Commission for four years.