BusinessCompany NewsWood to join Olympic bid board

Wood to join Olympic bid board

Neil Wood, the finance director of the London 2012 Olympic bid, will be appointed to the board, according reports.

Link: FDs: Olympics’ benefit ‘limited’

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.

In profile: Neil Wood

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.

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