It will be the Italian's fourth term in the post, taking him up to 2015.
He was voted in during the ITF's annual general meeting in Bangkok on Thursday.
Meanwhile, the LTA's Stuart Smith was also re-elected to the ITF Board of Directors.
Toni Nadal, coach of his nephew Rafael, who is the reigning French Open champion, was one of 13 people to receive an award for 'services to the game'.
Another well known coach, Nick Bollettieri, was also honoured, as was WTA veteran Anne Kremer.