He is the first in a group of high-profile sporting and celebrity figures who will work with the Games organising committee over the next two years.
They will promote the extravaganza and help ensure as many people as possible make the most of Scotland's largest sporting and cultural event.
Cyclist Sir Chris won two gold medals in London to take his Olympic gold tally to six. He also has 11 world championship titles.
The new velodrome opposite Celtic Park in the East End, which is due to open next month, has been named after the sportsman.
He said: "The Commonwealth Games is a special event for me.
"I have fantastic memories of competing for Scotland in the Games on three occasions, especially winning my first major championship gold medal at the Manchester 2002 Commonwealth Games.
"Following an incredible Olympics in London, I am proud to lend my support to the next great sporting event on home soil.
"Making sure people from all walks of life, especially young people, feel inspired to be a part of the Games will be a big focus for me.
"London 2012 was the perfect way to end my Olympic career. The Commonwealth Games are two years away and I have not made any decisions yet, but to be able to compete in Glasgow in a velodrome bearing my name would be the dream ending for me."
The Glasgow Games will feature 17 sports over 11 days, with 250 medal events on show.