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Olympic legacy boss Dennis Hone is to take up the role of finance director at Mace.

The London Legacy Development Corporation (LLDC) said this week that chief executive Dennis Hone would leave the organisation at the end of the summer to take up the post of group finance director with Mace.

Hone will step down having overseen the transformation of Queen Elizabeth Olympic Park following the London 2012 Olympic and Paralympic Games.

Hone said: 鈥淲ith the opening of Queen Elizabeth Olympic Park it is the right time to bring my part in a wonderful eight-year journey to a close and to take on a new challenge.

鈥淚t is not the end of the Olympic legacy story, though, and I know I leave behind an excellent team that will deliver on our regeneration promises for east London.

LLDC said the recruitment process for a new chief executive was underway, with an appointment to be made by early summer.

Hone will replace David Vaughan as group finance director at Mace, who will be retiring.

Mace said Vaughan, who joined the business in 1997, had been an influential member of the group board. 鈥淗e has made a significant contribution to the group鈥檚 move into new areas of work, including the company鈥檚 investment business,鈥� the firm said.

Mace added that group commercial director Lee Penlington would join the group board in July.

Penlington joined Mace in 1999 and was a founding director of Como, Mace鈥檚 specialist fit-out business.