London Mayor Boris Johnson, who set up the London Legacy Development Corporation, has appointed Dennis Hone as as its chief executive officer.

Mr Hone, who will also be eligible for a performance related bonus of up to 20 per sent of his annual salary, has been interim CEO since last August. He will also continue in his role as CEO of the Olympic Delivery until next March.

Mr Hone said: “It’s been a priviledge to be part of the team that helped deliver the London Games and I’m delighted to now have the opportunity to deliver its legacy in East London.

“We have a huge amount of work to do in this next phase to create the Queen Elizabath Olympic Park and I’m looking forward to leading this challenge.”