Chairman of the British Olympic Association Colin Moynihan has announced he will step down from his role – a year before his tenure was due to expire – in a bid to aid the search for his successor.
In a letter to BOA members on Monday, Moynihan stated his intention to hand over the reins with an election process likely to be drawn up at a board meeting in September, ahead of a possible vote in November.
Moynihan will leave the position a year before the end of his second four-year term.
During that time, Moynihan revamped the BOA ahead of London 2012 and also served on the organising committee for the Olympic Games, which saw Team GB finish third in the medal table with 65 medals in total, including 29 golds.
He said he will work with the BOA to find his successor before returning to the business world, focusing in particular on the energy sector.
However, Moynihan is also set to play an active part in discussions over formulating a sporting legacy from London 2012.
In his letter, Moynihan said: ‘Today the press will be looking forward to what lies beyond the Games: to the UK’s sporting future and the delivery of a real London 2012 sports legacy. In this context of looking forward, I will let them know that I intend to hand on the baton smoothly and securely to a successor chair who, once elected, will work with Andy (Hunt, BOA chief executive) and the board to set the strategy for the next quad and appoint the management team to take us forward to Rio.’
‘I have given this a great deal of thought and I strongly believe that this is the right time: a new chair must have the opportunity to play a central role in the future strategy and direction of the BOA henceforth, and he or she must be integrally involved in the preparations for Sochi which, after all, is only just over 18 months away. It is for this reason that I have made my decision now on the timing of the election, to ensure as long a period as possible for my successor to become established in the role, ahead of the next Games.’