Royal Bank of Canada executive Baroness Ford will lead the company established to deliver legacy for the London 2012 Olympics.
Baroness Ford has been appointed to the £95,000-a-year role, and will work up to three or four days a week as chair of the 2012 legacy delivery company.
In her new position, she will ensure the Olympic Park in Stratford, east London, is an asset after the Games. This will include overseeing the integration and smooth-running of regeneration plans for the area.
Baroness Ford resigned from her executive role at Royal Bank of Canada – where she is senior advisor to the bank’s global infrastructure group – with effect from 1 May. She will also be moving to the cross benches in the House of Lords in line with the non-political stance demanded by the post.
Baroness Ford, who specialises in working with infrastructure and real estate business, was the chair of English Partnerships from 2002 to 2007.
One of the first responsibilities of the legacy organisation will be to oversee the submission of the planning application for the Olympic Park during the summer.