The Football Association subsiduary company England 2018 Ltd has been set up and will be Chaired by Lord Triesman with the Football League's Lord Mawhinney and Manchester United CEO David Gill on the Executive Board.
The current Minister for Sport Gerry Sutcliffe will be the Government's representative during the bidding process with Sir Keith Mills, who was involved in the London 2012 Olympic bid, Baroness Amos and Sir Martin Sorrell making up the rest of the Board.
In a press statement, Lord Triesman said "I am delighted we have established an outstanding team of Board members who are committed to bringing the World Cup Finals back to England. Within this group, there is a wealth of experience that will be integral to the formulation of a successful bid.
"England has to earn the right to stage the 2018 FIFA World Cup. Over the coming months, we will have to show we can do so to the highest standards and with the right values. People round the world football family will have views about what produces a great World Cup and we will be listening and learning. If we have the honour of succeeding it will be because we earned the right from the members of our international family.
"I am confident this team will put together a bid which exceeds FIFA's requirements and expectations by making the best possible case for a World Cup in England. We also want to show that a World Cup on these shores will benefit the development of football around the world and create positive change. The creation of this team puts us in an excellent position to develop further these objectives when FIFA outlines its requirements later this month."
Wembley Stadium is to host the final with the other venue to be decided.