Wangaratta's Ellyn O'Brien is believed to be the first female club president in the Ovens and Murray's 127-year history.
O'Brien was elected as co-president with Col McClounan during the Magpies' annual general meeting on Tuesday night.
The pair will take over from Tony Goodison who spent three years in charge at Norm Minns Oval.
"It's pretty exciting," O'Brien said.
"It's a good opportunity to work with Col who is very experienced within the football industry and Ovens and Murray.
Tony has left us with some big shoes to fillEllyn O'Brien
"Hopefully I'm able to learn a lot from him. Tony has left us with some big shoes to fill."
Originally from Corryong, O'Brien moved to Wangaratta when she was five and linked up with the Magpies two years ago when one of her children started playing junior football for the club.
She has spent the past 12 months as a Magpies' board member.
O'Brien has been secretary and a team manager of Kangaroos Junior Club for the past six years.
McClounan returns to the presidency at Wangaratta after spending time on the Ovens and Murray board.
He was previously in charge of the Magpies from 2014 to 2017 after taking over from Paul Challman.
McClounan, who coached the club in 2000 and 2001, is also a former Wangaratta councillor.
Wangaratta coach Dean Stone believes O'Brien and McClounan are well placed to continue the good work of Goodison.
"I really like the concept of having co-presidents," Stone said. "Ellyn brings a lot of energy and Col is very experienced as an administrator."
Meanwhile, Wangaratta continues to play the waiting game with delisted Collingwood defender Lynden Dunn.
Dunn, who played 198 AFL matches for the Magpies and Melbourne, is weighing up several offers.
He is close friends with Wangaratta's Michael Newton.
The Ovens and Murray club is wary of putting too much pressure on Dunn after he spent the AFL season in the Queensland bubble.