Carphone Warehouse co-founder David Ross has been given the role of being London mayor Boris Johnson’s man on the London Olympics Organising Committee.
Ross has been tasked by Johnson to ensure that both the Olympic and Paralympic games in 2012 'leave a lasting legacy' as promised when London was awarded the games in 2005.
Together with Charles Dunstone, Ross transformed Carphone into Europe’s largest mobile retailer.
Ross, who is estimated to be worth £873 million and is already on the board of the Olympic lottery distributor will monitor the £9.3 billion Olympic budget, a key part of Johnson’s mayoral election pledge.
Johnson said: 'I promised Londoners I would ensure that the investment we are making in the 2012 Games offer the best value for money and David is just the man for the job.
‘He is one of Britain’s leading entrepreneurs and brings years of business experience to the role.
‘Having co-founded one of our most well known household names and turned it into a huge success, his skills will be vital in helping to deliver the legacy on which the success of the London Games will be judged.'