Monaco - Sebastian Coe and Sergei Bubka are among the 24 inaugural members of the athletics governing body's Hall of Fame.
IAAF President Lamine Diack says, "I am delighted that two more of my council colleagues will join the inaugural membership of the IAAF Hall of Fame."
The decision to induct the two IAAF vice-presidents was announced on Monday.
Coe is head of the London Olympics organising committee. The Briton won 1 500m gold and 800m silver medals at the 1980 Moscow Games and repeated the feat four years later at Los Angeles.
Pole vaulter Bubka is the only athlete to have won six world championships in the same individual discipline, from 1983 to 1999. The 48-year-old Soviet-Ukrainian also took gold at the 1988 Seoul Olympics.