The 35-year-old Shah will take over from 62-year-old incumbent Greg Barclay on December 1 after the New Zealander decided against running for a third consecutive term of two years.
Shah will relinquish his position in India at the BCCI's Annual General Meeting likely to be held towards the end of next month or in October.
Shah became the fifth Indian after late Jagmohan Dalmiya, Sharad Pawar, N Srinivasan, and Shashank Manohar to be elected for the high-profile job.
The Ahmedabad-based administrator, who was the sole nominee for the chairmanship, emphasised his commitment to expanding the global reach and popularity of cricket, especially with its upcoming inclusion in the Los Angeles 2028 Olympics.
"I am humbled by the nomination as the Chair of the International Cricket Council," Shah stated in an ICC release.
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