For nearly almost 11 years with U.S. Soccer, beginning with his appointment as an independent director, Cordeiro had risen up the ranks of the federation, serving as its treasurer and being elected as vice president in 2016.
Boston-based lawyer Steve Gans and New Jersey attorney Michael Winograd also stood for the position.
Other candidates include former USWNT star goalkeeper Hope Solo, who has been doing her best to shine a light on the inadequacies and accused corruptions of the current U.S. Soccer regime, as well as current USSF Vice President Carlos Cordeiro.
Cordeiro, however, said he was the only candidate with the experience and plan to "hit the ground running on day and deliver the change we need".
Caligiuri withdrew after receiving less than 1 percent on the first ballot.
The second ballot saw Cordeiro pull further clear by securing 41.8 per cent to Carter's 33.3, with Wynalda a distant third on 10.8 per cent. "I want to thank all the candidates for a spirited campaign".
Cordeiro, 61, will serve a four-year term after earning 68.6 percent of the vote. I promise you I'm going to work with all of you to bring us together as one united soccer community. I'd like to thank Sunil and our board for their tireless service.
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"Thank you to those of you who have supported me today", Cordeiro said from the podium.
Cordeiro, a former Goldman Sachs executive, joined the federation's board as an independent director in 2007.
He has been credited with working to reform governance with a focus on greater transparency and accountability. In addition, he represents U.S. Soccer on the CONCACAF Council and FIFA's Stakeholders Committee.
But the World Cup elimination, the large field of candidates and the angry tone of the race drew quite a bit of outside interest this year.
Gulati was blamed in some circles within the sport in the country for America being unable to secure a spot at the 2018 tournament, the first not to feature the nation since 1986.
The third option would be to hold an election by post. He will take that office exactly four months after the biggest failure in American soccer history, a 2-1 loss in Trinidad and Tobago that eliminated the US men's national team from 2018 World Cup qualifying.
A business executive with more than 30 years of experience in worldwide finance, he became a partner at Goldman Sachs in the early 1990s and was later appointed Vice Chairman-Asia.