As part of a reshuffle orchestrated by new bid chairman Sebastian Coe, Wood will join the board along with Sir Robin Wales, chairman of the Association of London Government and mayor of Newham, the London borough which will be the focal point the games, the FT reported.
Wood is currently drawing up budgeting and capital requirements as the bid committee prepares its candidature file, to be presented to the International Olympic Committee in November.
Lord Coe is also expected to appoint Patrick Carter, chairman of Sports England, to head a new body to deal with ‘legacy’ issues – ensuring facilities built for the games are put to good use after the event.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements