Search begins for London Olympics finance chief
The London Olympic Bid Committee has started to accept applications for the position of financial director, but recruitment experts have said they may be offering too little pay.
Link: Finance director: David Leather
The role of FD has been advertised with a ‘total package’ of £75,000, a level considered low for such a high-profile position, especially considering the intense fight over which country will stage the world’s premiere sporting event.However, the deal is unlikely to stop even high-quality people from applying, according to Jerry Gray, director of executive recruiters at the London office of Hanover Fox.
‘The package does seem a little light, but they will probably get away with it,’ said Gray.
‘It is amazing how many finance directors are currently out of work.’
A spokesman for the committee said there had been significant interest in all the positions, which include chief executive, sports director and communications director.
He said it was the intention of the committee to appoint a chief executive first, through an external agency, and then get them involved in the recruitment process for other key positions.
Although the committee was unable to say who had applied for the positions, an approach by current Accountancy Age Finance Director of the Year David Leather may be favourably received.
Leather was credited with playing a significant part in the overwhelming success of the Manchester Commonwealth Games last year. He was unavailable for comment.
Announcements concerning the positions are not expected for some time, and the jobs will be offered on a contractual basis until autumn 2005.