International Cricket Council (ICC) on Wednesday announced that the apex cricket body's chairman Shashank Manohar will step down when his tenure comes to an ends this year.

The global cricket body confirmed that Chairman Shashank Manohar will not seek a term extension "but would support the Board to ensure a smooth transition."

The ICC is set to discuss the process to elect its new chairman in its board meeting on Thursday with media reports hinting  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 existing Chair confirmed he was not seeking any extension to his term but would support the board to ensure a smooth transition.”

Meanwhile, the ICC also said that reports of a postponement of the T20 World Cup are "inaccurate" and "planning for the event continues whilst a number of contingency plans are being explored in light of the rapidly changing public health situation caused by the COVID 19 virus."

Meanwhile, the ICC also said that reports of a postponement of the T20 World Cup are "inaccurate" and "planning for the event continues whilst a number of contingency plans are being explored in light of the rapidly changing public health situation caused by the COVID 19 virus."

Noted Indian lawyer Manohar was unanimously elected on a two-year term but resigned for personal reasons in March, 2017, only to defer his resignation a week later. He was re-elected unopposed for a second two-year term in 2018.