Former England captain Bill Beaumont has revealed that he will join the race to become the new chairman of World Rugby.

Incumbent chairman Bernard Lapasset announced on Wednesday that he will leave his role of 21 years in order to focus on Paris's bid to host the 2024 Olympics, and 63-year-old Beaumont has confirmed that he will put his name in the mix for the May 11 election.

If successful, Beaumont would be forced to step down from his role as the chairman of the RFU, a position he has held since 2012.

"Rugby has been fundamental in my life, bringing me immense enjoyment and fulfilment over many years, both as a player and administrator. Now it's time to attempt to repay some of what rugby has given me by standing for the role of chairman of World Rugby," Beaumont said in a statement.

"Rugby must have strong roots to ensure healthy and sustainable growth globally. After the largest and most successful World Cup ever, and with sevens now on the Olympic programme, we are entering a pivotal period. Rapid recent expansion has brought tremendous excitement and expectation, which is a credit to our current chairman Bernard Lapasset.

"Rugby now needs a modern, forward-thinking, world-leading international federation that strengthens the roots of the game's success - our financial security and fundamental rugby values - to guarantee that growth well into the future. I believe that with my knowledge and experience I can work with World Rugby to achieve this."

Beaumont won 34 caps for England between 1975 and 1982, captaining his country to an unexpected Grand Slam in 1980 before leading the British and Irish Lions in South Africa that year.