Altman to leave Olympic legacy company after Games

The boss of the Olympic Legacy company has said he intends to step down after the Olympic Games end in August.

Andrew Altman, London Legacy Development Corporation (LLDC) chief executive announced today that he would leave the organisation after the Olympic Games this August.

The LLDC said Altman was stepping down as chief executive after three years as the Corporation entered “a new phase focused on construction”.

“His leadership in laying the foundations for London’s Olympic legacy means the capital is more advanced in its legacy planning and execution than any prior host city,” the LLDC said.

The LLDC said Altman’s aim in the role had been to “lay a solid foundation to ensure a successful post-Games legacy and this has been accomplished”.

However, the LLDC has yet to secure a legacy tenant for the Olympic Stadium nor secure planning permission for its 10,000 home redevelopment of the site after the Games.

Last month the LLDC said the decision on the long-term role for the Olympic Stadium had been delayed until after Games in what was the latest twist in a tortuous appointment process for the venue.

Altman said: “It has been a tremendous honour to lead this once-in-a-lifetime project that will transform the face of London and will be a spectacular example of city-building the world over.

“I am proud to have been able to set the table with a clear vision, resources and commercial investment. It is now the perfect time to transition the project to one focused on construction, so there will no disruption after the Games in implementing the legacy vision we have crafted.

Daniel Moylan, incoming chairman of the LLDC the recruitment process to find a replacement for Altman would now begin and that Dennis Hone, Olympic Delivery Authority chief executive, would act part-time as interim chief executive.

The LLDC said Altman would step down on 15 August 2012, with an announcement on his successor to be made in due course.