Sebastien Bazin intends to make Paris St Germain more "aggressive" in the transfer market, after taking over as president.
Bazin - chief executive of Colony Capital, the majority shareholder of PSG since April 2006 - replaces the ousted Charles Villeneuve, after accepting the request of the club's new board on Tuesday.
Villeneuve lost the confidence of the last PSG board, who believed he was looking to take more control over financial matters at the club and therefore resigned en masse a fortnight ago.
But there is no denying the success in his eight months in the role, with PSG in a sound financial state and finally picking up results on the pitch after a number of years in the doldrums.
Bazin acknowledges the club have taken great strides since he became involved in 2006 - they are currently third in the Ligue 1 table and still involved in three cup competitions - and he does not intend to relinquish his ambition now he has taken over as president.
"When we [Colony Capital] arrived, we said we would be here for six years. I am sure the club is more solid today than when we took over," he said.
"The project and ambition is still the same - we have even more ambition than before - and we are not far from our goal.
"We have to rubber-stamp that and rally around this club.
"There is still a lot of work to do. But this third place is important to me, the club and the players.
"The club has no financial problems, but it needs to be more aggressive in the transfer market."
Bazin is calling for new investment in PSG.
"To go as high and as far as possible, you have to have more means," he said.
"These means will be shared by Colony and by others who have the same ambition."
Bazin will be a non-executive president and will hand the day-to-day duties to Philippe Boindrieux, the club's new director general.