Disgraced cyclist Lance Armstrong has been stripped of his seven Tour de France titles by the sports governing body.
The International Cycling Union has accepted the findings of the United States Anti Doping agency's investigation into Lance Armstrong.
UCI president Pat McQuaid said to the BBC, "Lance Armstrong has no place in cycling. He deserves to be forgotten."
McQuaid added Armstrong had been stripped of all results since 1 August, 1998 and banned for life.
On what he called a "landmark day for cycling", the Irishman, who became president of UCI in 2005, said he would not be resigning.
"Cycling has a future. This is not the first time cycling has reached a crossroads or that it has had to begin anew," he said.
"When I took over [as president] in 2005 I made the fight against doping my priority. I acknowledged cycling had a culture of doping. Cycling has come a long way. I have no intention of resigning as president of the UCI," McQuaid said.
"I'm sorry that we couldn't catch every damn one of them red-handed and throw them out of the sport at the time."
Armstrong, 41, received a life ban from Usada for what the organisation called "the most sophisticated, professionalised and successful doping programme that sport has ever seen".