Finance chief wanted to boost 2012 medal hopes

A CFO is being sought for the British Olympic Association, which is continuing to fight for funding to boost the chances of athletes in the 2012 Olympics.

The BOA, which has fended off reports of an alleged 2008 budget overspend by claiming it will post a modest surplus, has called in recruiters Odgers Ray & Berndtson to fill the vacancy left by Howard Beeston at the start of the year. The CFO will be a ‘proactive member’ of the executive team appointed by chairman Lord Moynihan last November, including Andrew Hunt as chief executive.

Government agency UK Sport, the BOA and the London Organising Committee of the Olympic Games combined forces in February to launch a joint effort to raise public sector funds as Team 2012. The BOA’s accounts to 31 December 2007 show a £1.3m deficit due to an increased workload preparing for Beijing 2008 and London 2012.

For more, go to olympics.org.uk