MUMBAI, (Reuters) – International Cricket Council (ICC) chairman Shashank Manohar is to step down when his term ends this year, the governing body said yesterday.

The ICC is set to discuss the process to elect its new chief at its board meeting today with media reports saying that the England and Wales Cricket Board (ECB) chief Colin Graves is favourite to fill the post.

“No final decision was taken regarding the election process and the subject will be discussed further at the next ICC Board meeting on Thursday,” the ICC said in a statement.

The ICC president used to head the board of directors but the position largely became honorary after constitutional changes in 2014 saw the creation of the chairman’s post.

The name of Sourav Ganguly, the president of the powerful Indian cricket board (BCCI), has also made the rounds with Cricket South Africa director Graeme Smith backing the former India captain to take over the reins of the ICC.