As it bids to balance the books, the British Olympic Association (BOA) may not appoint a new chief executive following the departure of Andy Hunt, chairman Sebastian Coe, pictured, said yesterday.

Hunt stepped down after five years in the position ‘to move on to another leadership role’ having served as Chef de Mission for Team GB at London 2012. With Coe working with the organisation’s management team to help them move forward, the BOA didn’t appoint an interim chief executive and there may be no direct replacement at all.

“We are looking at all sorts of things,” Coe said on the eve of the 2013 Laureus World Sports Awards in Rio de Janeiro. “BOA management is doing an extremely good job and I will report back to the Board when I think I have figured it out.

“Clearly I have two very obvious objectives at the BOA,” he said. “We need to take fragility out of the balance sheet because it is important for an organisation to have that certainty of revenue and cost under control. It is also important that we do that in a way that allows us to be a world class organisation in the delivery of teams for Sochi next year and for Rio in three years’ time.

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As it bids to balance the books, the British Olympic Association (BOA) may not appoint a new chief executive following the departure of Andy Hunt, chairman Sebastian Coe, pictured, said yesterday.

Hunt stepped down after five years in the position ‘to move on to another leadership role’ having served as Chef de Mission for Team GB at London 2012. With Coe working with the organisation’s management team to help them move forward, the BOA didn’t appoint an interim chief executive and there may be no direct replacement at all.

“We are looking at all sorts of things,” Coe said on the eve of the 2013 Laureus World Sports Awards in Rio de Janeiro. “BOA management is doing an extremely good job and I will report back to the Board when I think I have figured it out.

“Clearly I have two very obvious objectives at the BOA,” he said. “We need to take fragility out of the balance sheet because it is important for an organisation to have that certainty of revenue and cost under control. It is also important that we do that in a way that allows us to be a world class organisation in the delivery of teams for Sochi next year and for Rio in three years’ time.

Poll

Which major UK festivals are you planning on attending this year?