Andy Hunt exits BOA post
Andy Hunt has resigned as chief executive of the British Olympic Association but insists the organisation will not be left in financial turmoil.
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Hunt says there are financial challenges for the BOA but expects it to be bailed out by a cut of the surplus of the London 2012 organising committee.
Hunt was also chef de mission for Team GB at the London 2012 Games and admitted that no future Games could ever rank with that experience.
"It has been a difficult decision to take but this is a chance for me to take on another large-scale transformational role after four-and-a-half years," he said.
"Nothing will match London 2012 which was a true once-in-a-lifetime experience and of course that was part of my thinking."
The BOA is under some financial pressure and has yet to agree any new deals with sponsors since the end of the Games last summer, and commercial director Hugh Chambers resigned last month.
The London 2012 organising committee (LOCOG) said last week it expects to break even - but Hunt believes the final accounts will reveal a small surplus of which the BOA can expect a £5million cut.
Hunt added: "There are undoubtedly some financial challenges however we have worked very hard in the last few months to get ourselves into a better financial position, and we do have an expectation of a surplus from LOCOG."
Under Hunt, the BOA went through a large expansion before London 2012 and has since announced a slimming down of the organisation.
A BOA board meeting was informed on Wednesday of Hunt's resignation.
An interim chief executive will not be appointed once Hunt has left at the end of the month. The BOA management team will instead work directly with Sebastian Coe, the organisation's new chairman, until a new chief executive is appointed later this year.
Coe, who was also London 2012 chairman, thanked Hunt for his work in preparing British athletes to perform under the pressure of a home Games.
He said: "Team GB had the very best facilities, care and preparation at the London 2012 Games thanks to the tireless efforts and passion of Andy Hunt and his team over the last four years.
"I know I speak on behalf of all Team GB athletes and the BOA board when I say thank you to Andy for the work he has done, and I wish him all the best in his next endeavour."
Sports minister Hugh Robertson added: "Under Andy's direction, the BOA has undergone a significant transformation and reinforced its reputation as one of the leading national Olympic committees in the world.
"Whilst Andy will be missed at the BOA, he has put in place an operating structure and leadership team that will ensure the organisation continues to move from strength to strength."