Speaking to Sky Blue Player, Mr Ranson said: "Joe has been associated with the club over several decades and has been a great supporter in every sense.
Ray Ranson with Joe Elliott and Tommy Hutchison
"Every club needs a Joe Elliott - and we have the original. I am looking forward to continuing to work with him over the coming years.
"He has a super relationship with our supporters and we feel that the role of life president is totally befitting of someone of his standing."
Picture copyright of Covsupport News Service. Credit CNS/Pete Chambers