Members of the Chairman's Club - a collective of the Worldwide, Tier One and Tier Two level Partners which includes Coca Cola, adidas, Deloitte and GE – have been struck by the work carried out over the past 12 months.

John Connolly, global chairman of Deloitte, said: "The Olympic Delivery Authority and the London Organising Committee of the Olympic and Paralympic Games, working in conjunction with the Government, the London Mayor's Office, business and other stakeholders, are clearly ahead in the delivery of the venues – in one case by months."

He said the leading sponsors were confident the London 2012 family would be successful as the pace builds up.

"Everyone now working on the Games is moving into delivery mode," he said.

"The Chairman's Club members reviewed progress and toured the Velodrome.

"We left the site with real confidence that the infrastructure is in good shape, the shift from planning to operations is being very carefully managed, and the Games will achieve their ambitions.

"We were impressed by the strong relationships between the main players – Seb Coe and Paul Deighton at LOCOG, John Armit and his ODA team, the very clear commitment of Jeremy Hunt at cabinet level, and Boris Johnson, leading the city of London's contribution.

"This provides extra confidence not just that the plans are in shape but that any delivery challenges still to come will be tackled and resolved collectively."

Created in 2008 by Deloitte and Think London, the Mayor's Foreign Direct Investment Agency, the Chairman's Club brings together some of the world's most experienced business leaders from companies with combined global sales of more than $1.2 trillion, and employing over two-and-a-half million people.

The establishment of the Chairman's Club is the first time in the history of the Olympic Games that lead sponsor companies have come together as a single group ahead of an Olympic and Paralympic Games.


The Games' sponsors make a big contribution to the financing of the Organising Committee, and provide thousands of skilled personnel to help deliver the Games.

These businesses also play an important role in creating a lasting Games legacy.

In the UK, programmes created by sponsors have already helped hundreds of thousands of people to participate in sport and get involved with volunteering opportunities.

Sebastian Coe, the chairman of London, who attended the business summit, said that the effort of sponsors was crucial as preparations for the Games intensified.

"The sponsor family is absolutely vital to the success of London 2012," said Lord Coe.

"The Games would not be able to happen without the products, services, support and consumer programmes they provide."

Jeremy Hunt, Secretary of State for Culture, Olympics, Media and Sport, also threw his support behind the efforts of the Chairman's Club, saying: "It is really great that so many British and international companies are doing so much to support London's Olympic and Paralympic Games.

"As well as showing real commitment to the Games, the sponsors are helping to boost the number of people playing sport, which will be a lasting legacy from London 2012."

Members of the Chairman's Club are: Coca Cola, Acer, Atos Origin, BMW, Dow, GE, McDonalds, Omega, Panasonic, P&G, Samsung, VISA, adidas, BMW, BP, British Airways, BT, EDF Energy, Lloyds Banking Group, Adecco, ArcelorMittal, Cadbury, Cisco, Deloitte, Thomas Cook and UPS.