Olympic FD won't stay on
The finance director of London 2012, the company behind the Capital's bid to host the Olympic Games, is unlikely to be seduced by the prospect of running the games themselves.
Neil Wood said this week that he had every intention of returning to Deloitte after the winning city is announced in July 2005. Wood, who is on secondment from Deloitte, said: ‘I fully anticipate that I will return to Deloitte where there are still plenty of exciting opportunities.’
If the ‘election campaign’, as Wood calls it, succeeds a new company will be set up to implement the bid proposal. The company will have control of a budget of around £2.4bn, the estimated cost of staging the Olympics.