Barry Hearn has won the support of players for his plans for the future of the game by a margin of 35-29 at today's EGM.
Hearn commented: "I'm delighted by the outcome. I do not underestimate the challenges that lie ahead, but for the moment snooker is united and the future looks rosy.
"I owe the game a lot and I will make sure that I will be giving 100 per cent every day to bring it to the level at which it should be operating."
Davison said: "We congratulate Barry on securing the votes of the playing members of the WPBSA and wish them and all the stakeholders all the best of luck in the future."
World champion Neil Robertson said: “I am very excited that Barry has won the vote, and about what he can do for this sport.
“I think he can make it more attractive to people, and also deal with the integrity issues that need sorting.”
Peter Ebdon said: “I genuinely, 100 per cent, now hope that Barry takes the game forward and back to the place where it should be.”