24 July,2012 07:06 AM IST | | AFP
"I'm absolutely delighted and honoured to have been voted as the flag bearer for Team GB," said the 36-year-old cyclist.u00a0"To lead out your team at a home Olympics is truly a once in a lifetime opportunity and one that that I can't wait to experience in just a few days time."
Hoy also carried the Union Jack at the closing ceremony in Beijing four years ago.u00a0The Scot is one of Britain's most successful Olympians, having won four gold medals, including three at Beijing in 2008.
Brian Cookson, President of British Cycling, told the BBC: "It's absolutely fantastic news. Sir Chris is a brilliant athlete and a fantastic ambassador for the sport of cycling. It's the cherry on the cake for British Cycling after Bradley Wiggins' success in the Tour de France on Sunday."