His death was confirmed by Lancashire Cricket Club where he was chairman.
A club statement said: “Further to the announcement from his family, it is with great sadness that Lancashire Cricket announces the passing of its Chairman; David Hodgkiss OBE.
“David served the Club with distinction over many years including holding the offices of Treasurer, Vice Chairman and latterly Chairman.
“He was much loved by everyone at Lancashire Cricket Club and respected throughout the cricketing world.
“Our sincere condolences and thoughts and prayers are with his family. A further statement will be released in due course but at this time we ask that everybody respects the family’s privacy.”
Hodgkiss was the grandson of company founder William Hare.
It is understood the 71-year-old had underlying health issues.