Sir Dave Brailsford has officially been made a Knight of the Realm after attending an investiture ceremony at Buckingham Palace.
Brailsford learned he would receive the honour for his services to sport in the United Kingdom when the New Year Honours List was first unveiled on 28 December but had to wait until Thursday to be formally bestowed the honour by the Queen.
News of the investiture capped a remarkable 2012 for Brailsford, which saw him inspire success on the road and track in the most significant 12 months of British cycling's history.
Speaking immediately prior to receiving his award, Brailsford told Sky Sports News: "I'm very excited. I'm a humble guy, but instead of holding back, I'm going to embrace the day because it's a unique moment in my life. It's nice to be here and it is a great honour.
"I've been involved in cycling for most of my life, and in the last few years British Cycling and Team Sky have really progressed and helped make the sport more mainstream here in the UK.
"I'm here on behalf of the sport - what the riders, the backroom staff, and our partners have helped achieve. We've all contributed to the progression of cycling and I'm the lucky person who's here to represent all that."
Sir Bradley Wiggins was also awarded a knighthood in the New Year Honours List and will receive his investiture at a later date.