In particular, ODA chief executive Dennis Hone was paid £80,000 ($123,000/€93,000) in addition to a £373,000 ($576,000/€436,000) pension in March, while director of transport Hugh Sumner and director of venues and infrastructure Simon Wright received £73,000 ($112,000/€85,000) and £72,000 ($110,000/€84,000) respectively.

According to the ODA annual report Hone, now chief executive of the London Legacy Development Corporation (LLDC), was entitled to receive statutory redundancy pay and a terminal bonus equivalent to 60 per cent of his salary but no other exit payments.

"The Remuneration Committee decided to award a terminal bonus of 49 per cent of his salary and to defer 50 per cent of the bonus until the successful completion of the sale of East Village to the Qatari Diar and Delancey (QDD)," the report added.

Former ODA chief executive Dennis Hone received an £80,000 redundancy payout











An ODA spokesman commented: "London 2012 was a unique and challenging project and a great British success story and we needed to recruit and pay for the best talent from the private and public sectors, requiring people in many cases to give up secure long-term jobs elsewhere, with no certainty of the project's success or getting a job after the Games.

"The exit payments for staff other than our former chief executive, Dennis Hone, are limited to statutory redundancy pay, any leave they were unable to take before their employment ended, and, where appropriate, payment in lieu of notice.

"We had to adopt a flexible approach to managing staff contracts to ensure that key people, especially directors, remained with the project throughout periods critical to its success, until such time as the ODA could be certain that their skills and knowledge were no longer required.

"Our staff delivered this huge project on time and under budget - in fact making savings of over £1 billion ($1.5 billion/€1.17 billion) for the public purse.

"Like other staff, Dennis Hone received performance-related pay, but this was far from guaranteed and was measured against tough performance criteria, evaluated personally and in relation to the organisation he successfully led in the critical 18 months up to the Games, during London 2012 and immediately after.

"Pension payments made in relation to Dennis Hone were legal and contractual obligations under the scheme of which he was a member throughout his employment at the ODA."

Contact the writer of this story at [email protected]


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