Former Derbyshire, Sussex and Warwickshire batsman, Wasim was believed to be the first British-born player of Pakistan origin to play county cricket.
The 43-year-old administrator, who has accumulated 2,835 first-class runs in an 11-year professional career, including a career-best score of 181, is to take up his position at Grace Road in January 2015.
"I am looking forward to working with the staff and the board because I know they are terrific people," Khan was quoted as saying on BBC.
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